AUD/JPY intraday: the downside prevails as long as 94.91 is resistance
Our pivot point is at 94.91.
Our preference: the downside prevails as long as 94.91 is resistance.
Alternative scenario: the upside breakout of 94.91, would call for 95.27 and 95.49.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94.65 and 94.64).
Supports and resistances:
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