AUDJPY Short
Our pivot point is at 95.22.
Our preference:
the downside prevails as long as 95.22 is resistance.
Alternative scenario:
the upside breakout of 95.22, would call for 95.60 and 95.82.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95.35 and 95.64).
Our preference:
the downside prevails as long as 95.22 is resistance.
Alternative scenario:
the upside breakout of 95.22, would call for 95.60 and 95.82.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95.35 and 95.64).
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