NZD/JPY may fall 63 - 93 pips

91.66 is our pivot point.

Our preference

The downside prevails as long as 91.66 is resistance.

Alternative scenario

Above 91.66, look for 92.17 and 92.47.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 91.44 and 91.55).

Supports and resistances

92.47 **

92.17 *

91.66 **

91.47

91.18 last

90.55

90.25 **

89.94 *

89.64 **

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