AUD/JPY may rise 76 - 110 pips

95.14 is our pivot point.

Our preference

Rebound towards 96.77.

Alternative scenario

Below 95.14, expect 94.57 and 94.24.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (95.63) but below its 50 period moving average (96.13).

Supports and resistances

97.45 **

97.11 *

96.77 **

96.43

95.67 last

95.37

95.14 **

94.57 *

94.24 **

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