NZDJPY is consolidating in a narrow range with no proper direction. Intraday trend remains bearish as long as the resistance at 87.20 holds. Hitting an intraday high of 86.62, it presently trades at about 86.55. As long as the resistance at 89.20 remains intact, the general bearish trend is still valid.
Technicals-
The pair is trading below the 55 EMA, 200 EMA, and 365 EMA in the 4-hour chart.
The near-term resistance is around 86.80, breach above targets 87/87.40/89.20/90. The immediate support is at 86.35; any violation below will drag the pair to 86/85.50/85.10/84.06.
Indicator (4-hour chart)
CCI (50)- Bearish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to sell on rallies around 87 with SL around 87.40 for TP of 85.


AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro:EUR/NZD gains some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
NZDJPY Faces Downward Pressure as 95.40 Resistance Holds Firm
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro- Major Pair Currency Score (AUDUSD Bullish)
Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/AUD stuck in range but maintains bearish bias
FxWirePro- Woodies Pivot (Major) 



