AUD/JPY intraday: the upside prevails as long as 74.28 is support

Our pivot point stands at 74.28.

the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 74.33 and 74.30).

Alternative scenario:
the downside breakout of 74.28 would call for 74.05 and 73.92.

Our preference:
the upside prevails as long as 74.28 is support.

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