NZD/JPY may rise 69 - 99 pips

91.46 is our pivot point.

Our preference

As long as 91.46 is support look for 92.85.

Alternative scenario

Below 91.46, expect 90.95 and 90.64.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (91.93) but above its 50 period moving average (91.63).

Supports and resistances

93.46 **

93.16 *

92.85 **

92.55

91.86 last

91.66

91.46 **

90.95 *

90.64 **

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