NZD/JPY intraday: as long as 86.51 is support look for 88.11

Our pivot point is at 86.51.

Our preference: as long as 86.51 is support look for 88.11.

Alternative scenario: below 86.51, expect 85.92 and 85.57.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 86.98 and 86.88).

Supports and resistances:

88.82 **

88.46 *

88.11 **

87.76

87.00 last

86.74

86.51 **