NZD/JPY may rise 67 - 97 pips
89.28 is our pivot point.
Our preference
As long as 89.28 is support look for 90.66.
Alternative scenario
Below 89.28, expect 88.76 and 88.45.
Comment
The RSI is above its neutrality area at 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 89.53 and 89.20).
Supports and resistances
91.28 **
90.97 *
90.66 **
90.36
89.69 last
89.48
89.28 **
88.76 *
88.45 **
Number of asterisks represents the strength of support and resistance levels.
Our preference
As long as 89.28 is support look for 90.66.
Alternative scenario
Below 89.28, expect 88.76 and 88.45.
Comment
The RSI is above its neutrality area at 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 89.53 and 89.20).
Supports and resistances
91.28 **
90.97 *
90.66 **
90.36
89.69 last
89.48
89.28 **
88.76 *
88.45 **
Number of asterisks represents the strength of support and resistance levels.
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