AUD/JPY may rise 50 - 73 pips

Our pivot point stands at 106.31.

Our preference

Rebound towards 107.37.

Alternative scenario

Below 106.31, expect 105.91 and 105.68.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 106.67 and 106.81).

Supports and resistances

107.84 **

107.61 *

107.37 **

107.14

106.64 last

106.46

106.31 **

105.91 *

105.68 **

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