NZD/JPY may rise 70 - 100 pips

Our pivot point is at 88.87.

Our preference

The upside prevails as long as 88.87 is support.

Alternative scenario

Below 88.87, expect 88.36 and 88.06.

Comment

The RSI is above 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 88.83 and 89.12).

Supports and resistances

90.90 **

90.60 *

90.29 **

89.99

89.29 last

89.08

88.87 **

88.36 *

88.06 **

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