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Short

NZD/JPY Short Term outlook

FX:NZDJPY   New Zealand Dollar/Japanese Yen
65 0 0
NZD/JPY has retreated after making a high of 92.35 and is currently trading around 90.60. Overall trend is weak as long as 91.50 holds.

On the downside minor support is around 90.15 (200 day 4HMA) and any break below will drag the pair further down till 89.70/89.23 in short term.

The pair’s minor resistance is around 91.50 and any break above will target 92.10/92.40.

Indicator (4 hour chart)

CCI (50) - Sell

Woodies CCI (14) – Sell

Ichimoku- Sell

It is good to sell on rallies around 90.90 with stop around 91.51 for the target of
Ideas Scripts Chart