Forex

AUD/JPY may rise 77 - 115 pips

2024-09-14

Our pivot point is at 93.99.

Our preference

Rebound towards 95.67.

Alternative scenario

The downside breakout of 93.99 would call for 93.35 and 92.97.

Comment

The RSI is below 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 (94.40) but under its 50 period moving average (94.73).

Supports and resistances

96.44 **

96.06 *

95.67 **

95.29

94.52 last

94.25

93.99 **

93.35 *

92.97 **

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

Trade with Exness

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.

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