EUR/JPY may rise 67 - 101 pips

Our pivot point stands at 168.85.

Our preference

As long as 168.85 is support look for 170.35.

Alternative scenario

Below 168.85, expect 168.29 and 167.96.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 169.25 and 168.91).

Supports and resistances

171.01 **

170.68 *

170.35 **

170.01

169.34 last

169.07

168.85 **

168.29 *

167.96 **

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