NZD/JPY may rise 62 - 91 pips

Our pivot point stands at 90.45.

Our preference

Our next up target stands at 91.77.

Alternative scenario

The downside breakout of 90.45 would call for 89.96 and 89.66.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 90.73 and 90.82).

Supports and resistances

92.36 **

92.07 *

91.77 **

91.48

90.86 last

90.64

90.45 **

89.96 *

89.66 **

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