7645566 7/13/2017 12:31 PM, CNH/JPY intraday: the downside prevails as long as 16.71 is resistance


16.71 is our pivot point.


Our preference

: the downside prevails as long as 16.71 is resistance.


Alternative scenario

: above 16.71, look for 16.76 and 16.80.


Comment

: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 16.68 and 16.69).


Supports and resistances

:

16.80 **

16.76 *

16.71 **

16.69

16.67 last

16.60

16.57 **

16.54 *

16.51 **