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Bearish Pressure Mounts on NZDJPY: Technical Pullback Signals Strategic Sell Opportunity

NZDJPY reduced some of its increases following a little dip. It came near to its intraday high of 93.33 at its current price of 92.79. If the 94.20 resistance holds intact, the intraday trend is negative.

 

Technicals

CMP -92.77

Trend

1- Hour chart

Value

 

 

55 EMA

93.01

CMP <value

Bearish

200- EMA

93.17

CMP <value

Bearish

365- EMA

93.14

CMP< value

Bearish

 

Momentum indicator

Inference

Value

CCI(50)

Neutral

-0.37

ADX

Neutral

 

 

It is good to sell on rallies around 93.18-20  with SL around 94.18 for a TP of 90.85/90.

 

 

 

 

 

 

 

 

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