AUD/JPY may rise 78 - 112 pips

99.68 is our pivot point.

Our preference

Rebound towards 101.27.

Alternative scenario

Below 99.68, expect 99.12 and 98.78.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 100.16 and 100.45).

Supports and resistances

101.94 **

101.61 *

101.27 **

100.93

100.15 last

99.91

99.68 **

99.12 *

98.78 **

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