AUDJPY Long
AUD/JPY intraday May rise 54-79 PIPS as long as 93.37 is support look for 94.55
Our pivot point stands at 93.37.
Our preference:
as long as 93.37 is support look for 94.55.
Alternative scenario:
the downside breakout of 93.37 would call for 92.96 and 92.71.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 93.74 and 93.53).
Our pivot point stands at 93.37.
Our preference:
as long as 93.37 is support look for 94.55.
Alternative scenario:
the downside breakout of 93.37 would call for 92.96 and 92.71.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 93.74 and 93.53).
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