AUD/JPY intraday: rebound towards 80.97

AUDJPY

Trading Central 2021-01-13 17:48:06

Our pivot point stands at 80.28.

Our preference: rebound towards 80.97.

Alternative scenario: the downside breakout of 80.28 would call for 80.05 and 79.92.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (80.49) but under its 50 period moving average (80.52).

Supports and resistances:

81.24 **

81.10 *

80.97 **

80.83

80.50 last

80.37

80.28 **

Disclaimer

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