NZD/JPY may fall 70 - 102 pips

Our pivot point is at 90.38.

Our preference

Eye 88.88.

Alternative scenario

Above 90.38, look for 90.92 and 91.24.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (90.04) but above its 50 period moving average (89.89).

Supports and resistances

91.24 **

90.92 *

90.38 **

90.16

89.90 last

89.20

88.88 **

88.56 *

88.24 **

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