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AUD/JPY ST: the downside prevails as long as 98.26 is resistance
2024-02-06
223
Our pivot point stands at 98.26.
Our preference: the downside prevails as long as 98.26 is resistance.
Alternative scenario: above 98.26, look for 100.12 and 101.23.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 97.06 and 96.69).
Supports and resistances:
101.23 **
100.12 *
98.26 **
97.53
96.58 last
94.07
92.96 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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