AUD/JPY may rise 64 - 92 pips

Our pivot point stands at 101.67.

Our preference

Rebound towards 102.99.

Alternative scenario

Below 101.67, expect 101.20 and 100.92.

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 102.21 and 102.76).

Supports and resistances

103.55 **

103.27 *

102.99 **

102.71

102.07 last

101.85

101.67 **

101.20 *

100.92 **

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