AUD/JPY may rise 73 - 107 pips

Our pivot point stands at 99.91.

Our preference

Rebound.

Alternative scenario

Below 99.91, expect 99.34 and 99.00.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (100.31) but under its 50 period moving average (100.48).

Supports and resistances

102.13 **

101.79 *

101.45 **

101.11

100.38 last

100.13

99.91 **

99.34 *

99.00 **

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