AUD/JPY intraday: our next up target stands at 76.38

Trading Central 2020-11-20 04:46:10

Our pivot point is at 75.38.

Our preference: our next up target stands at 76.38.

Alternative scenario: the downside breakout of 75.38 would call for 75.02 and 74.80.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 75.59 and 75.67).

Supports and resistances:

76.81 **

76.59 *

76.38 **

76.16

75.70 last

75.53

75.38 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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