AUD/JPY may rise 72 - 107 pips

Our pivot point stands at 100.32.

Our preference

As long as 100.32 is support look for 101.94.

Alternative scenario

Below 100.32, expect 99.73 and 99.38.

Comment

The RSI is above its neutrality area at 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 100.78 and 100.49).

Supports and resistances

102.65 **

102.30 *

101.94 **

101.59

100.87 last

100.55

100.32 **

99.73 *

99.38 **

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