NZD/JPY may fall 66 - 99 pips

90.26 is our pivot point.

Our preference

Target 88.81.

Alternative scenario

The upside breakout of 90.26, would call for 90.80 and 91.13.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (89.95) but above its 50 period moving average (89.80).

Supports and resistances

91.13 **

90.80 *

90.26 **

90.05

89.80 last

89.14

88.81 **

88.49 *

88.17 **

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