NZD/JPY takes support around 88.70,jump till 90 cannot be ruled

FX:NZDJPY   New Zealand Dollar / Japanese Yen
83 0
NZD/JPY has taken trend line support 88.60 ( Trend line joining 84.05 and 87.01) and recovered from that level. Intraday trend is bullish as long as support 88.60 holds.

On the upside minor resistance is around 89.73 (200 day 4HEMA) and any break above will take the pair to next target 90.04/90.80.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)-Sell

Recommendation: Buy NZD/JPY around 89, SL 88.60, Targets 90.05.

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