NZD/JPY may rise 59 - 84 pips.

NZD/JPY may rise 59 - 84 pips.

Our pivot point is at 92.83.

Our preference : The upside prevails as long as 92.83 is support Alternative scenario Below 92.83, expect 92.39 and 92.14.

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 93.01 and 92.96).