AUD/JPY may rise 88 - 126 pips

Our pivot point is at 93.73.

Our preference

Rebound towards 95.56.

Alternative scenario

Below 93.73, expect 93.09 and 92.71.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94.43 and 94.56).

Supports and resistances

96.33 **

95.95 *

95.56 **

95.18

94.30 last

93.99

93.73 **

93.09 *

92.71 **

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