AUD/JPY may rise 65 - 95 pips

Our pivot point stands at 100.83.

Our preference

As long as 100.83 is support look for 102.20.

Alternative scenario

Below 100.83, expect 100.33 and 100.03.

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 trading above both its 20 and 50 period moving average (respectively at 101.22 and 100.94).

Supports and resistances

102.80 **

102.50 *

102.20 **

101.90

101.25 last

101.03

100.83 **

100.33 *

100.03 **

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