EUR/JPY may rise 72 - 105 pips

Our pivot point stands at 168.20.

Our preference

Rebound towards 169.76.

Alternative scenario

Below 168.20, expect 167.64 and 167.31.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (168.69) but below its 50 period moving average (169.29).

Supports and resistances

170.42 **

170.09 *

169.76 **

169.43

168.71 last

168.42

168.20 **

167.64 *

167.31 **

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