NZD/JPY may rise to 99.31 - 100.77

Our pivot point is at 94.26.

Our preference

As long as 94.26 is support look for 100.77.

Alternative scenario

The downside breakout of 94.26 would call for 91.82 and 90.37.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 95.92 and 93.66).

Supports and resistances

103.67 **

102.22 *

100.77 **

99.31

96.37 last

95.22

94.26 **

91.82 *

90.37 **

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