AUD/JPY Intraday: the downside prevails as long as 101.27 is resistance
Nov 20, 2024 7:26 PM
the downside prevails as long as 101.27 is resistance.
Our pivot point is at 101.27.
Our preference:
the downside prevails as long as 101.27 is resistance.
Alternative scenario:
the upside breakout of 101.27, would call for 101.73 and 102.
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 101.08 and 101.14).
Supports and resistances:
102.00 **
101.73 *
101.27 **
101.10
100.86 last
100.28
100.01 **
99.74 *
99.47 **
Our preference:
the downside prevails as long as 101.27 is resistance.
Alternative scenario:
the upside breakout of 101.27, would call for 101.73 and 102.
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 101.08 and 101.14).
Supports and resistances:
102.00 **
101.73 *
101.27 **
101.10
100.86 last
100.28
100.01 **
99.74 *
99.47 **
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AUD/JPY
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