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Short

NZD/JPY Short Term Outlook

FX:NZDJPY   New Zealand Dollar/Japanese Yen
74 0 1
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 .
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