NZDJPY has been trading in a narrow range between 87.86 and 87.16 for the past three days. The intraday trend remains bullish as long as support at 87 holds. It hit a high of 87.79 yesterday and is currently trading around 87.586. The overall bearish trend is intact as long as the resistance at 89.20 holds.
Technicals-
The pair is trading above the 55 EMA, 200 EMA, and 365 EMA on the 4-hour chart.
The near-term resistance is around 87.90, breach above targets 89.20/90. The immediate support is at 87.40, any violation below will drag the pair to 87.16/87/86.65/86/85.50/85.10/84.06.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index- Bullish. All indicators confirm a bullish trend.
It is good to buy on dips around 87.40 with SL around 87 for TP of 89.20/90.


FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets
FxWirePro: GBP/AUD stuck in range but maintains bearish bias
FxWirePro: USD/ZAR bears maintain upper hand
Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
FxWirePro- Woodies Pivot (Major)
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
FxWirePro- Major Pair Currency Score (AUDUSD Bullish)
FxWirePro: GBP/NZD downtrend loses steam but outlook still bearish
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro:EUR/NZD gains some ground but outlook is bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD edges higher ahead of RBNZ decision
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path 



