NZD/JPY may rise 65 - 95 pips

Our pivot point is at 90.43.

Our preference

The upside prevails as long as 90.43 is support.

Alternative scenario

The downside breakout of 90.43 would call for 89.94 and 89.65.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 90.78 and 90.77).

Supports and resistances

92.36 **

92.07 *

91.78 **

91.48

90.83 last

90.62

90.43 **

89.94 *

89.65 **

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