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NZD/JPY intraday: the downside prevails as long as 88.19 is resistance
2023-10-03
1110
88.19 is our pivot point.
Our preference: the downside prevails as long as 88.19 is resistance.
Alternative scenario: the upside breakout of 88.19, would call for 88.41 and 88.54.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 88.27 and 88.62).
Supports and resistances:
88.54 **
88.41 *
88.19 **
88.10
87.95 last
87.68
87.54 **
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