AUD/JPY may rise to 103.92 - 106.67

Our pivot point stands at 94.18.

Our preference

Rebound towards 106.67.

Alternative scenario

Below 94.18, expect 89.59 and 86.86.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (97.93) but below its 50 period moving average (102.66).

Supports and resistances

112.17 **

109.42 *

106.67 **

103.92

98.29 last

95.99

94.18 **

89.59 *

86.86 **

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