NZD/JPY intraday: the downside prevails as long as 87.22 is resistance

Our pivot point stands at 87.22.

Our preference: the downside prevails as long as 87.22 is resistance.

Alternative scenario: the upside breakout of 87.22, would call for 87.63 and 87.87.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 86.95 and 87.08).

Supports and resistances:

87.87 **

87.63 *

87.22 **

87.06

86.82 last

86.32

86.08 **