AUD/JPY may rise 71 - 104 pips

99.36 is our pivot point.

Our preference

Rebound towards 100.86.

Alternative scenario

Below 99.36, expect 98.79 and 98.46.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (99.80) but below its 50 period moving average (99.85).

Supports and resistances

101.54 **

101.20 *

100.86 **

100.53

99.82 last

99.58

99.36 **

98.79 *

98.46 **

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