NZD/JPY may rise 67 - 99 pips

Our pivot point is at 86.27.

Our preference

Rebound towards 87.77.

Alternative scenario

Below 86.27, expect 85.72 and 85.40.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (86.78) but under its 50 period moving average (87.12).

Supports and resistances

88.42 **

88.09 *

87.77 **

87.45

86.78 last

86.48

86.27 **

85.72 *

85.40 **

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