AUD/JPY may rise 69 - 103 pips

100.28 is our pivot point.

Our preference

The upside prevails as long as 100.28 is support.

Alternative scenario

Below 100.28, expect 99.70 and 99.36.

Comment

The RSI is above its neutrality area at 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 100.62 and 100.60).

Supports and resistances

102.47 **

102.13 *

101.78 **

101.44

100.75 last

100.51

100.28 **

99.70 *

99.36 **

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