CHF/JPY intraday: as long as 149.05 is support look for 151.22

Our pivot point is at 149.05.

Our preference: as long as 149.05 is support look for 151.22.

Alternative scenario: the downside breakout of 149.05 would call for 148.25 and 147.76.

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 above its 20 and 50 period moving average (respectively at 149.71 and 149.67).

Supports and resistances:

152.19 **

151.71 *

151.22 **

150.74

149.72 last

149.37

149.05 **

148.25 *

147.76 **

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 04-18-2023 at 10:48 UTC+1

Price reference: 149.72 last known on 04-18-2023 at 10:48 UTC+1

Investment horizon: INTRADAY