NZD/JPY may rise 75 - 108 pips

Our pivot point stands at 89.83.

Our preference

The upside prevails as long as 89.83 is support.

Alternative scenario

Below 89.83, expect 89.29 and 88.97.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90.21 and 90.11).

Supports and resistances

91.99 **

91.67 *

91.35 **

91.02

90.27 last

90.05

89.83 **

89.29 *

88.97 **

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