AUD/JPY may rise 70 - 104 pips

99.67 is our pivot point.

Our preference

The upside prevails as long as 99.67 is support.

Alternative scenario

Below 99.67, expect 99.10 and 98.76.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 99.82 and 99.82).

Supports and resistances

101.83 **

101.49 *

101.15 **

100.81

100.11 last

99.89

99.67 **

99.10 *

98.76 **

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