AUD/JPY may rise 78 - 113 pips

Our pivot point is at 100.78.

Our preference

Rebound towards 102.37.

Alternative scenario

The downside breakout of 100.78 would call for 100.19 and 99.83.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 101.30 and 101.37).

Supports and resistances

103.08 **

102.73 *

102.37 **

102.02

101.24 last

101.01

100.78 **

100.19 *

99.83 **

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