NZD/JPY may rise 60 - 90 pips

Our pivot point is at 90.60.

Our preference

As long as 90.60 is support look for 91.91.

Alternative scenario

The downside breakout of 90.60 would call for 90.11 and 89.82.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90.92 and 90.75).

Supports and resistances

92.49 **

92.20 *

91.91 **

91.61

91.01 last

90.80

90.60 **

90.11 *

89.82 **

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