NZD/JPY is facing major support around 90 and any break below will validate short term trend reversal.
On downside break below will target 88.50/87.31 (61.8% retracement of 83.34 and 93.96).
The short term trend reversal can happen only above 92.
Minor resistance is around 90.70.
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell NZD/JPY around 90.25-35, SL 92, Target 87.31 .
On downside break below will target 88.50/87.31 (61.8% retracement of 83.34 and 93.96).
The short term trend reversal can happen only above 92.
Minor resistance is around 90.70.
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell NZD/JPY around 90.25-35, SL 92, Target 87.31 .