AUD/JPY may rise 84 - 125 pips

97.26 is our pivot point.

Our preference

Rebound towards 99.07.

Alternative scenario

Below 97.26, expect 96.58 and 96.17.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97.90 and 98.10).

Supports and resistances

99.87 **

99.47 *

99.07 **

98.66

97.82 last

97.52

97.26 **

96.58 *

96.17 **

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