in ANALISA by hafid zaini

7645565 7/13/2017 12:31 PM, ZAR/JPY intraday: target 8.4216


Our pivot point is at 8.5777.


Our preference

: target 8.4216.


Alternative scenario

: above 8.5777, look for 8.6373 and 8.6728.


Comment

: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (8.5398) but above its 50 MA (8.5068).


Supports and resistances

:

8.6728 **

8.6373 *

8.5777 **

8.5543

8.5280 last

8.4570

8.4216 **

8.3861 *

8.3506 **