NZD/JPY Short Term Outlook

FX:NZDJPY   New Zealand Dollar / Japanese Yen
101 0
NZD/JPY has taken support around 88.62 and recovered from that level. Overall trend is bullish as long as support 88.50 holds.

The pair’s short term resistance is around 90.21 ( 61.8% retracement of 94.03 and 84.10) and above will take the pair to next target 91.80.

On the downside break below 88.50 will take the pair to 88/87.65.

Indicators (1 hour chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy NZD/JPY around 89.50, SL 88.48, Targets 90.18/91.70.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out