AUD/JPY may rise 40 - 54 pips
Our pivot point is at 97.60.
Our preference
Rebound towards 98.34.
Alternative scenario
Below 97.60, expect 97.36 and 97.22.
Comment
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (97.78) but below its 50 period moving average (97.86).
Supports and resistances
98.63 **
98.49 *
98.34 **
98.20
97.80 last
97.69
97.60 **
97.36 *
97.22 **
Number of asterisks represents the strength of support and resistance levels.
Our preference
Rebound towards 98.34.
Alternative scenario
Below 97.60, expect 97.36 and 97.22.
Comment
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (97.78) but below its 50 period moving average (97.86).
Supports and resistances
98.63 **
98.49 *
98.34 **
98.20
97.80 last
97.69
97.60 **
97.36 *
97.22 **
Number of asterisks represents the strength of support and resistance levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.