NZD/JPY may rise 42 - 63 pips

Our pivot point stands at 96.13.

Our preference

The upside prevails as long as 96.13 is support.

Alternative scenario

Below 96.13, expect 95.78 and 95.58.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 96.40 and 96.45).

Supports and resistances

97.50 **

97.30 *

97.10 **

96.89

96.47 last

96.26

96.13 **

95.78 *

95.58 **

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