SGD/JPY may rise 75 - 107 pips

Our pivot point stands at 110.59.

Our preference

Rebound towards 112.15.

Alternative scenario

Below 110.59, expect 110.06 and 109.75.

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 111.19 and 111.31).

Supports and resistances

112.77 **

112.46 *

112.15 **

111.83

111.08 last

110.79

110.59 **

110.06 *

109.75 **

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