NZDJPY trimmed some of its profits as the yen rebounded. The intraday trend is downward as long as 87.50 serves as resistance. Having attained an intraday low of 86.61, it currently trades around 86.62. Should pair trade below 89.20, the overall trend is still soft..
Oscillators and moving averages to forecast the trend of NZDJPY
CMP- 86.65
EMA (4-hour chart)
55-EMA- 87.06
200-EMA- 87.03
365-EMA- 87.05. The pair trades below the short and long-term moving averages.
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)- Neutral
Average directional movement Index- Bearish. All indicators confirm a mixed trend.
It is good to sell on rallies around 87 with SL around 87.50 for TP of 86/85.38.


FxWirePro- Major Pair levels and bias summary
NZDJPY: The Kiwi Yen's Bull Run Hits a Brick Wall at 92 — Sell the Rally?
EURJPY Bounce Loses Steam Below 184 — Sell-the-Rally Setup Eyes 183 Target
FxWirePro: USD/CAD hits 14-month high , Scope for further upside
FxWirePro- Woodies pivot (Major)
AUDJPY Breaks Key Trendline Support — Bears Eye 110 as Momentum Accelerates
FxWirePro: USD/CNY hits one –month high, scope for further upside
FxWirePro: GBP/AUD sustains gains as uptrend remains strong
FxWirePro: GBP/USD heads deeper into bear territory, 23.6% fibonacci eyed
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6500
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6550
Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210
FxWirePro: GBP/NZD gaining momentum for a move towards 2.3350level
FxWirePro- Major Crypto levels and bias summary
Sterling Slump Sends GBPJPY Toward 212.60 — Bearish EMA Stack Eyes 210
FxWirePro: GBP/USD slides toward critical support market reassesses UK political transition 



