NZD/JPY may rise 43 - 64 pips

96.25 is our pivot point.

Our preference

Our next up target stands at 97.21.

Alternative scenario

Below 96.25, expect 95.91 and 95.71.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 96.49 and 96.57).

Supports and resistances

97.61 **

97.41 *

97.21 **

97.00

96.57 last

96.39

96.25 **

95.91 *

95.71 **

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