ZAR/JPY may rise 824 - 1141 pips

8.1743 is our pivot point.

Our preference

The upside prevails as long as 8.1743 is support.

Alternative scenario

Below 8.1743, expect 8.1212 and 8.0896.

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 8.2162 and 8.2199).

Supports and resistances

8.4025 **

8.3708 *

8.3391 **

8.3074

8.2250 last

8.1951

8.1743 **

8.1212 *

8.0896 **

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