NZD/JPY may rise 31 - 45 pips

Our pivot point is at 95.99.

Our preference

Rebound towards 96.68.

Alternative scenario

Below 95.99, expect 95.75 and 95.60.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 96.34 and 96.62).

Supports and resistances

96.98 **

96.83 *

96.68 **

96.54

96.23 last

96.09

95.99 **

95.75 *

95.60 **

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