NZD/JPY may rise 31 - 46 pips

Our pivot point stands at 98.07.

Our preference

Rebound towards 98.73.

Alternative scenario

Below 98.07, expect 97.82 and 97.67.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (98.25) but below its 50 period moving average (98.41).

Supports and resistances

99.03 **

98.88 *

98.73 **

98.58

98.27 last

98.17

98.07 **

97.82 *

97.67 **

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