NZD/JPY may rise 66 - 99 pips

Our pivot point stands at 86.33.

Our preference

Rebound towards 87.80.

Alternative scenario

Below 86.33, expect 85.79 and 85.46.

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 is trading under both its 20 and 50 period moving average (respectively at 86.83 and 87.20).

Supports and resistances

88.45 **

88.12 *

87.80 **

87.47

86.81 last

86.54

86.33 **

85.79 *

85.46 **

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