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AUD/JPY ST: technical rebound towards 98.92 before a new drop
2024-01-09
395
Our pivot point stands at 98.92.
Our preference: technical rebound towards 98.92 before a new drop.
Alternative scenario: above 98.92, look for 101.48 and 103.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (96.39) but under its 50 period moving average (96.81).
Supports and resistances:
103.00 **
101.48 *
98.92 **
97.91
96.57 last
93.36
91.85 **
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