AUD/JPY intraday: as long as 97.83 is support look for 98.42
Our pivot point is at 97.83.
Our preference: as long as 97.83 is support look for 98.42.
Alternative scenario: the downside breakout of 97.83 would call for 97.62 and 97.50.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 97.97 and 97.84).
Supports and resistances:
98.67 **
98.54 *
98.42 **
98.30
98.00 last
97.91
97.83 **
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