NZD/JPY Short Term outlook

FX:NZDJPY   New Zealand Dollar / Japanese Yen
68 0 1
NZD/JPY has slightly retreated after making a high of 92.10. It is facing short term support around 91.36 (23.6 % retracement of 89.06 and 91.80) and any break below will drag the pair further down till 90.70/90.17.

The pair’s minor resistance is around 92.10 and above which it can reach 93/93.69.

Indicators (1 Hour chart)

Woddies CCI (14) – Buy

CCI (50) – Buy

Ichimoku- Buy

We prefer to Buy NZD/JPY around 91.80 with stop around 91.30 for the targets 93/93.65.

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