NZD/JPY may rise to 99.82 - 101.33

94.36 is our pivot point.

Our preference

As long as 94.36 is support look for 101.33.

Alternative scenario

The downside breakout of 94.36 would call for 91.83 and 90.32.

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 trading above both its 20 and 50 period moving average (respectively at 96.12 and 93.58).

Supports and resistances

104.36 **

102.84 *

101.33 **

99.82

96.54 last

95.36

94.36 **

91.83 *

90.32 **

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