NZDJPY formed double bottom near 85.35 and showed a minor pullback on weak yen. As long as resistance 86.86-87 holds, the intraday trend is bearish. Having hit an intraday high of 86.74, it currently trades at roughly 86.52. Overall trend is still weak if pair trades below 89.20.
Oscillators and moving averages to forecast the trend of NZDJPY
CMP- 86.49
EMA (4-hour chart)
55-EMA- 86.68
200-EMA- 86.88
365-EMA- 86.97. The pair trades below the short and below long-term moving average.
Major support- 86.40. Any breach below will drag the pair down to 86/85.37.
Major resistance - 86.86. Any break above 86.86 confirms minor bullishness, a jump to 87.50/88.10/88.50/89.25.
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 86.78-80 with SL around 87.50 for TP of 85.32/85.


FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro:NZD/USD edges lower, bearish outlook persists
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD edges lower, downside risk remains
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance? 



