AUD/JPY ST: the upside prevails as long as 92.80 is support
Our pivot point stands at 92.80.
Our preference: the upside prevails as long as 92.80 is support.
Alternative scenario: the downside breakout of 92.80 would call for 91.22 and 90.28.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 94.04 and 94.30).
Supports and resistances:
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