AUD/JPY may rise 69 - 103 pips

Our pivot point stands at 95.97.

Our preference

Rebound towards 97.47.

Alternative scenario

The downside breakout of 95.97 would call for 95.40 and 95.06.

Comment

The RSI is below 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 96.45 and 96.81).

Supports and resistances

98.15 **

97.81 *

97.47 **

97.13

96.44 last

96.19

95.97 **

95.40 *

95.06 **

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