NZD/JPY may rise 60 - 90 pips

Our pivot point is at 90.29.

Our preference

The upside prevails as long as 90.29 is support.

Alternative scenario

Below 90.29, expect 89.79 and 89.50.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90.59 and 90.61).

Supports and resistances

92.18 **

91.88 *

91.59 **

91.29

90.69 last

90.48

90.29 **

89.79 *

89.50 **

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