NZDJPY recovered above the 88 level as the yen lost momentum. The intraday trend is bullish as long as support at 86.95 holds. Having reached an intraday low of 87.91, it now trades around 87.95.
Oscillators and moving averages to forecast the trend of NZDJPY
CMP- 88.18
EMA (4-hour chart)
55-EMA- 87.46
200-EMA- 87.06
365-EMA- 87.09. The pair trades above the short and below long-term moving average.
Major support- 87.40. Any breach below will drag the pair down to 86.95/86.40/86/85.37.
Major resistance - 88.50. Any break above 86.86 confirms minor bullishness, a jump to 89.25/90.
Indicator (4 hour chart)
CCI (50)- bullish
Average directional movement Index- Neutral. All indicators confirm a bullish trend.
It is good to buy on dips around 88 with SL around 87.40 for TP of 89.20/90.


FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
AUD/JPY Technical Outlook: Range-Bound Trading Amidst Emerging Bearish Pressure
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar
FxWirePro: USD/JPY edges up, looks to extend gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
NZD/JPY Technical Outlook: Bearish Momentum Gains as Resistance Holds
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: USD/CAD remains buoyant, looks to extend gains
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
FxWirePro: AUD/USD edges higher but bearish outlook persists
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro: AUD/USD downside pressure builds, key support level in focus 



