AUD/JPY intraday: the upside prevails as long as 89.20 is support
Our preference: the upside prevails as long as 89.20 is support.
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Our preference: the upside prevails as long as 89.20 is support.
Alternative scenario: the downside breakout of 163.83 would call for 163.17 and 162.78.
Alternative scenario: the downside breakout of 0.6204 would call for 0.6175 and 0.6158.
The MACD is negative and below its signal line.
Alternative scenario: the downside breakout of 1.0720 would call for 1.0690 and 1.0680.
The configuration is positive.
Our preference: the upside prevails as long as 0.6121 is support.
Alternative scenario: the downside breakout of 0.9003 would call for 0.8976 and 0.8960.
Long positions above 132.65 with targets at 133.85 & 134.10 in extension.
Short positions below 1.2325 with targets at 1.2270 & 1.2240 in extension.