AUD/JPY may rise 70 - 105 pips

Our pivot point stands at 100.34.

Our preference

Rebound towards 101.90.

Alternative scenario

Below 100.34, expect 99.75 and 99.40.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 100.87 and 101.10).

Supports and resistances

102.61 **

102.26 *

101.90 **

101.55

100.85 last

100.57

100.34 **

99.75 *

99.40 **

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