AUD/JPY may rise 62 - 91 pips.

AUD/JPY may rise 62 - 91 pips.

Our pivot point is at 113.63.

Our preference : As long as 113.63 is support look for 115.00 Alternative scenario Below 113.63, expect 113.14 and 112.86.

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

The MACD is below its signal line and positive.

The price could retrace.

Moreover, the price is above its 20 and 50 period moving average (respectively at 114.03 and 113.87).