NZD/JPY may rise 48 - 72 pips

Our pivot point stands at 90.98.

Our preference

Rebound towards 92.05.

Alternative scenario

Below 90.98, expect 90.58 and 90.34.

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 is trading under both its 20 and 50 period moving average (respectively at 91.45 and 91.95).

Supports and resistances

92.53 **

92.29 *

92.05 **

91.81

91.33 last

91.14

90.98 **

90.58 *

90.34 **

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