AUD/JPY may rise 70 - 105 pips

Our pivot point stands at 100.30.

Our preference

Rebound towards 101.82.

Alternative scenario

The downside breakout of 100.30 would call for 99.71 and 99.36.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (100.75) but under its 50 period moving average (100.94).

Supports and resistances

102.52 **

102.17 *

101.82 **

101.47

100.77 last

100.53

100.30 **

99.71 *

99.36 **

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