AUD/JPY may rise 57 - 85 pips.

AUD/JPY may rise 57 - 85 pips.

Our pivot point is at 113.77.

Our preference : The upside prevails as long as 113.77 is support Alternative scenario Below 113.77, expect 113.30 and 113.02.

Comment : The RSI is above its neutrality area at 50.

The MACD is above its signal line and positive.

The configuration is positive.

Moreover, the price is above its 20 and 50 period moving average (respectively at 114.09 and 114.07).