CHF/JPY intraday: the downside prevails as long as 110.08 is resistance
Our pivot point is at 110.08.
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 109.83 and 109.81).
the upside breakout of 110.08, would call for 110.40 and 110.59.
the downside prevails as long as 110.08 is resistance.