Description
⋅ NZD/JPY has broken short term support 90.75 (trend line joining 88.73 and 90) and slight decline till 88.73 cannot be ruled out.
On the upside minor resistance is around 91.88 (Mar 23rd high) and any break above will take the pair to next targets 93/93.69.
The minor resistance is around 90.80 and any break above will target 91.50/91.88.
The support is around 90.50 (cloud bottom) and break below will drag the pair further down till 89.80/89.50.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell NZD/JPY around 90.70 SL 91.51, Target 89.50.