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Kiwi Retreat: Yen Momentum Targets 90.00 Support

 NZDJPY pared most of its gains as the yen gained momentum.  Hit an intraday low of 91.51; now trading about 91.65. If the 92.50 resistance holds, the trend is currently downward.

Technicals

CMP -91.65

Trend

1- Hour chart

Value

 

 

55 EMA

92.10

CMP<value

Bearish

200- EMA

92.498

CMP <value

Bearish

365- EMA

92.68

CMP< value

Bearish

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-177

ADX

Bearish

Strength increased from 15.46 to 24.40

 It is good to sell on rallies around 92 with SL around 93 for a TP of 90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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