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NZD/JPY DAILY OUTLOOK

Long
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
FxWirePro  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
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NZD/JPY has broken major resistance 87.41 (Cloud top) and up side till 88.53(Trend line joining 89.66 and 88.95) cannot be ruled out.
Minor support is around 86.90 (200 day MA). On the downside any break below will target 86.27.
Short term trend reversal only below 86.
Recommendation: Buy NZD/JPY around 87.45-50, SL 86.90, Target 88.50.
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