FxWirePro
Long

NZD/JPY Short term Outlook

FX:NZDJPY   New Zealand Dollar / Japanese Yen
49 0 0
NZD/JPY took support near 90.15 (200 day 4HMA) and has started to recover from that level. So this confirms that NZD/JPY has formed temporary bottom around 90.13 and jump till 92.40/93 cannot be ruled out.

On the downside major support is around 90 and any break below will drag the pair till 89.05.

The minor resistance are 91.20/91.55/92.40.

Indicator (4 hour chart)

CCI (50) - Sell

Woodies CCI (14) – Buy

Ichimoku- Neutral

It is good to buy at dips around 90.70 for the target of 91.52/92.40 with stop around 90.
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