AUD/JPY intraday: the downside prevails as long as 88.18 is resistance
Our pivot point is at 88.18.
Our preference: the downside prevails as long as 88.18 is resistance.
Alternative scenario: the upside breakout of 88.18, would call for 88.58 and 88.82.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 87.84 and 87.90).
Supports and resistances:
88.82 **
88.58 *
88.18 **
88.02
87.84 last
87.34
87.10 **
Disclaimer
The reference points and analysis of the trading strategy are provided by the third party provider Trading Central, and the strategies are only the independent evaluation and judgment of individual analyst, without considering the investor's investment goals and financial status. All strategies do not constitute investment advice or recommendations, and are for reference only. Our company also does not guarantee the accuracy of the strategy, and does not assume any responsibility for negative results caused by trading strategies
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eurusd Daily Forecast or technical Analysis today 06-03-2023
eurusd Daily Forecast or technical Analysis today 06-03-2023
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