CNH/JPY may rise to 21.10 - 21.47

Our pivot point is at 19.76.

Our preference

Rebound towards 21.47.

Alternative scenario

Below 19.76, expect 19.13 and 18.76.

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 20.45 and 21.22).

Supports and resistances

22.22 **

21.85 *

21.47 **

21.10

20.33 last

20.00

19.76 **

19.13 *

18.76 **

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