NZD/JPY Short term Outlook

FX:NZDJPY   New Zealand Dollar / Japanese Yen
61 0 0
NZD/JPY is facing major support around 88.70 and any break above will drag the pair further down till 88.20/87.10 in short term.

Intraday major resistance is around 89.93-90 (200 day 15 min MA) and any trend reversal can happen only above that level.

The pair’s minor resistance is around 89.55 and above that it would extend gains till 90.

Indicators (15 Min chart)

CCI (50) - Sell

Woodies CCI (14) - Sell

Ichimoku - Sell

Recommendation: Sell NZD/JPY around 89.20, SL 90, Targets 88.21/87.
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