AUD/JPY may rise 73 - 107 pips

Our pivot point is at 99.30.

Our preference

Rebound towards 100.85.

Alternative scenario

Below 99.30, expect 98.74 and 98.40.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 99.83 and 99.97).

Supports and resistances

101.52 **

101.19 *

100.85 **

100.51

99.78 last

99.52

99.30 **

98.74 *

98.40 **

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