NZD/JPY may fall 61 - 90 pips

Our pivot point stands at 91.58.

Our preference

Eye 90.22.

Alternative scenario

The upside breakout of 91.58, would call for 92.07 and 92.37.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (91.18) but above its 50 period moving average (91.09).

Supports and resistances

92.37 **

92.07 *

91.58 **

91.39

91.12 last

90.51

90.22 **

89.92 *

89.63 **

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