NZD/JPY may rise 63 - 93 pips

Our pivot point is at 91.20.

Our preference

Rebound towards 92.57.

Alternative scenario

The downside breakout of 91.20 would call for 90.70 and 90.40.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (91.63) but below its 50 period moving average (91.77).

Supports and resistances

93.18 **

92.88 *

92.57 **

92.27

91.64 last

91.40

91.20 **

90.70 *

90.40 **

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