NZD/JPY may rise 67 - 97 pips

Our pivot point is at 87.30.

Our preference

The upside prevails as long as 87.30 is support.

Alternative scenario

Below 87.30, expect 86.80 and 86.50.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 87.43 and 87.23).

Supports and resistances

89.28 **

88.98 *

88.68 **

88.38

87.71 last

87.50

87.30 **

86.80 *

86.50 **

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