7640845 7/12/2017 5:14 PM, TRY/JPY intraday: above its upper Bollinger band


Our pivot point stands at 31.29.


Our preference

: our next up target stands at 31.82.


Alternative scenario

: the downside breakout of 31.29 would call for 31.11 and 31.01.


Comment

: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is above its 20 and 50 MAs (respectively at 31.41 and 31.45). Finally, the TRY/JPY has crossed above its upper Bollinger band (31.47).


Supports and resistances

:

32.03 **

31.92 *

31.82 **

31.71

31.50 last

31.36

31.29 **

31.11 *

31.01 **