Bitcoin / Yen may rise to 10390700 - 10478600

10062700 is our pivot point.

Our preference

Our next up target stands at 10478600.

Alternative scenario

The downside breakout of 10062700 would call for 9915600 and 9828100.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10168233 and 10213698).

Supports and resistances

10654300 **

10566400 *

10478600 **

10390700

10214980 last

10120500

10062700 **

9915600 *

9828100 **

Number of asterisks represents the strength of support and resistance levels.