NZD/JPY may rise 58 - 79 pips

89.90 is our pivot point.

Our preference

Rebound towards 90.99.

Alternative scenario

Below 89.90, expect 89.55 and 89.33.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 90.22 and 90.34).

Supports and resistances

91.42 **

91.21 *

90.99 **

90.78

90.20 last

90.04

89.90 **

89.55 *

89.33 **

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