CHF/JPY intraday: as long as 145.53 is support look for 146.86

145.53 is our pivot point.

Our preference: as long as 145.53 is support look for 146.86.

Alternative scenario: below 145.53, expect 145.07 and 144.79.

Comment: the RSI is above its neutrality area at 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 145.92 and 145.75).

Supports and resistances:

147.41 **

147.14 *

146.86 **

146.59

145.95 last

145.71

145.53 **

145.07 *

144.79 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 03-08-2023 at 11:00 UTC+1

Price reference: 145.95 last known on 03-08-2023 at 11:00 UTC+1

Investment horizon: INTRADAY