NZD/JPY Short term outlook

FX:NZDJPY   New Zealand Dollar/Japanese Yen
36 0 0
NZD/JPY has taken support near 90.15 and reached till 91.95 from that level. Overall trend is bullish as long as 91.20 (200 day HMA ) holds.

On the downside major support is around 91.20 and any break below will drag the pair till 90.70/90.10.

The minor resistance are 92.40/93.

Indicator (1 hour chart)

CCI (50) - Buy

Woodies CCI (14) – Buy

Ichimoku- Buy

It is good to buy at dips around 91.60 for the target of 92.40/93 with stop around 91.15.

Ideas Scripts Chart