Intraday Trend - Bullish
NZD/JPY is facing strong resistance around 88.30 and any break above will take the pair to 88.76/89.30 in short term.
In 15 minutes chart NZD/JPY is trading well above short term 34 and 55 EMA) and long term moving average (100 and 200 day MA).
The pair's minor support is around 87.80 and any intraday trend reversal only below 87.80 will target 87.50/87.30.
Indicators (15 Minr chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
Recommendation: Buy NZD/JPY around 88.10, SL 87.79, Targets 88.75/89.20
NZD/JPY is facing strong resistance around 88.30 and any break above will take the pair to 88.76/89.30 in short term.
In 15 minutes chart NZD/JPY is trading well above short term 34 and 55 EMA) and long term moving average (100 and 200 day MA).
The pair's minor support is around 87.80 and any intraday trend reversal only below 87.80 will target 87.50/87.30.
Indicators (15 Minr chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
Recommendation: Buy NZD/JPY around 88.10, SL 87.79, Targets 88.75/89.20