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NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
- AUD/JPY intraday bias higher after break of 100-DMA currently at 85.13.
- The pair has major trendline support at 85.35, weakness only no break below.
- On the hourly charts, we have watching out for a possible golden cross (50 & 200 DMA).
- Momentum studies are bullish, RSI strong at 67 levels with further room to run.
- Support levels - 86, 85.55 (converged 1H 50&100 SMA), 85.29 (4H 200-MA)
- Resistance levels - 86.70 (channel top), 87, 87.53 (Dec 15 high)
Recommendation: Good to go long on AUD/JPY dips around 86, SL: 85.50, TP: 86.70/ 87/ 87.50
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 83.6938(Bullish), while Hourly JPY Spot Index was at -111.551 (Highly bearish) at 0615 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
