AUD/JPY may rise 60 - 88 pips.

AUD/JPY may rise 60 - 88 pips.

Our pivot point is at 109.56.

Our preference : Rebound towards 110.85 Alternative scenario Below 109.56, expect 109.10 and 108.82.

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

The MACD is above its signal line and negative.

The configuration is mixed.

Moreover, the price stands below its 20 and 50 period moving average (respectively at 110.08 and 110.25).