AUD/JPY intraday: the downside prevails as long as 88.18 is resistance

Our pivot point is at 88.18.

Our preference: the downside prevails as long as 88.18 is resistance.

Alternative scenario: the upside breakout of 88.18, would call for 88.58 and 88.82.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 87.84 and 87.90).

Supports and resistances:

88.82 **

88.58 *

88.18 **

88.02

87.84 last

87.34

87.10 **

Disclaimer
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