CNH/JPY may fall to 20.64 - 20.89

Our pivot point stands at 21.87.

Our preference

The downside prevails as long as 21.87 is resistance.

Alternative scenario

The upside breakout of 21.87, would call for 22.29 and 22.55.

Comment

The RSI is below 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 21.87 and 21.71).

Supports and resistances

22.55 **

22.29 *

21.87 **

21.70

21.41 last

20.89

20.64 **

20.38 *

20.13 **

Number of asterisks represents the strength of support and resistance levels.