NZD/JPY may rise 67 - 100 pips

Our pivot point stands at 86.50.

Our preference

The upside prevails as long as 86.50 is support.

Alternative scenario

Below 86.50, expect 85.95 and 85.63.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 86.64 and 86.67).

Supports and resistances

88.63 **

88.30 *

87.98 **

87.65

86.98 last

86.71

86.50 **

85.95 *

85.63 **

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