NZD/JPY may rise 50 - 74 pips

Our pivot point stands at 91.35.

Our preference

Rebound towards 92.44.

Alternative scenario

Below 91.35, expect 90.95 and 90.71.

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 is trading under both its 20 and 50 period moving average (respectively at 92 and 92.51).

Supports and resistances

92.92 **

92.68 *

92.44 **

92.20

91.70 last

91.51

91.35 **

90.95 *

90.71 **

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