Urban studies: Doing research when every city is different 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
US Gas Market Poised for Supercycle: Bernstein Analysts 
2025 Market Outlook: Key January Events to Watch 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
NZD/JPY chart on Trading View used for analysis
- NZD/JPY trades 0.17% higher on the day at 77.59 at the time of writing.
- The pair has held support at 21-EMA on Thursday's trade and edged higher.
- Break below 21-EMA will see weakness. Scope for dip till 200-DMA at 75.75.
- Technical studies on weekly charts is biased higher. But we see some weakness on the dailies.
- Price action has broken below 5-DMA and 5-DMA has turned. RSI and Stochs are biased lower after rollover from overbought levels.
- We see bearish divergence on RSI and Stochs which adds to the bearish bias.
Support levels - 77.19 (21-EMA), 76.26 (Nov 26 low), 75.75 (200-DMA)
Resistance levels - 78 (5-DMA), 78.86 (Dec 4 high), 79
Recommendation: Good to go short on break below 21-EMA, SL: 78, target 76.30/ 76/ 75.75
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
