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.
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.
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