NZD/JPY may rise 61 - 90 pips

Our pivot point stands at 90.04.

Our preference

Rebound towards 91.38.

Alternative scenario

Below 90.04, expect 89.55 and 89.26.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 90.49 and 90.72).

Supports and resistances

91.97 **

91.68 *

91.38 **

91.09

90.48 last

90.24

90.04 **

89.55 *

89.26 **

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