NZD/JPY chart on Trading View used for analysis
- NZD/JPY consolidates bullish gap open on Monday's trade, bias higher.
- The pair has tested major resistance at 200W SMA at 78.80, break above will propel the pair higher.
- Technical studies are supporting scope for gains. We see bullish divergence on Stochs.
- MACD and DMI support upside and Bollinger Bands are widening suggesting rising volatility.
- Break above 200W SMA raises scope for test of 83.90 (Major trendline resistance).
- On the flipside, 5-DMA is immediate support at 77.94. Break below eyes 21-EMA at 76.90
Support levels - 78.24 (5-DMA), 77.06 (21-EMA), 75.74 (200-DMA)
Resistance levels - 78.80 (200-W SMA), 83.90 (trendline)
Recommendation: Watch out for decisive breakout at 200W SMA to go long.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD gains as broad dollar strength lifts pair
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro- Woodies Pivot (Major)
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
European Stocks Rally on Chinese Growth and Mining Merger Speculation
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
FxWirePro: USD/CAD hits two month high as Canadian as retail sales post monthly decline
EURUSD Weakens as Dollar Strength Dominates; Technicals Suggest Sell-on-Rally Opportunity 



