NZD/JPY may rise 61 - 91 pips

Our pivot point is at 90.83.

Our preference

The upside prevails as long as 90.83 is support.

Alternative scenario

The downside breakout of 90.83 would call for 90.33 and 90.03.

Comment

The RSI is above its neutrality area at 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 91.10 and 91.04).

Supports and resistances

92.75 **

92.45 *

92.15 **

91.85

91.24 last

91.02

90.83 **

90.33 *

90.03 **

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