AUD/JPY intraday: the upside prevails as long as 80.33 is support
Our pivot point stands at 80.33.
Our preference: the upside prevails as long as 80.33 is support.
Alternative scenario: the downside breakout of 80.33 would call for 80.10 and 79.96.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 80.44 and 80.44).
Supports and resistances: