NZDJPY traded in a narrow range between 86.43 and 87.45 for the past three days. As long as resistance at 87.50 holds, the intraday trend is bearish. Having hit an intraday low of 86.65, it currently trades at roughly 86.55. Overall trend is still weak if the pair trades below 89.20.
Oscillators and moving averages to forecast the trend of NZDJPY
CMP- 86.55
EMA (4-hour chart)
55-EMA- 87.08
200-EMA- 87
365-EMA- 87.04. The pair trades below the short and long long-term moving average.
Major support- 86.40. Any breach below will drag the pair down to 86/85.37.
Major resistance - 87.50. Any break above 87.50 confirms minor bullishness, a jump to 88.10/88.50/89.25.
Indicator (4-hour chart)
CCI (50)- bearish
Average directional movement Index- Bearish. All indicators confirm a bearish trend.
It is good to sell on rallies around 87 with SL around 87.50 for TP of 86/85.38.


AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
FxWirePro: NZD/USD edges higher ahead of RBNZ decision
AUDJPY Surges to One-Month High on Australian Dollar Strength
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair Currency Score (AUDUSD Bullish)
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD cedes early gains ,outlook bearish
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
FxWirePro- Woodies Pivot (Major)
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption 



