NZD/JPY may rise 44 - 65 pips

Our pivot point is at 94.84.

Our preference

As long as 94.84 is support look for 95.80.

Alternative scenario

The downside breakout of 94.84 would call for 94.49 and 94.29.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 95.10 and 94.97).

Supports and resistances

96.22 **

96.01 *

95.80 **

95.59

95.15 last

94.98

94.84 **

94.49 *

94.29 **

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