CNH/JPY may rise 10 - 15 pips

Our pivot point stands at 21.45.

Our preference

The upside prevails as long as 21.45 is support.

Alternative scenario

Below 21.45, expect 21.37 and 21.31.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 21.47 and 21.49).

Supports and resistances

21.78 **

21.73 *

21.67 **

21.62

21.52 last

21.49

21.45 **

21.37 *

21.31 **

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