NZD/JPY chart on Trading View used for analysis
- NZD/JPY hits 3-month highs at 75.62 before paring some gains to currently trade at 75.22.
- Technical analysis shows bullish bias. Stochs and RSI are sharply higher and MACD supports upside.
- The pair has spiked past 55-EMA and has broken above major trendline resistance at 74.90.
- Volatility is rising as suggested by widenning Bollinger Bands. Price action has edged above major EMAs.
- Next bull target lies at 200-DMA at 75.95 ahead of 76.30 (Aug 1 high).
- We see weakness only on retrace below 110-EMA at 74.67.
Support levels - 74.67 (110-EMA), 74.45 (23.6% Fib)
Resistance levels - 75.54 (21, 26th Sept), 75.81 (38.2% Fib)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-NZD-JPY-Trade-Idea-1451943) has hit all targets.
Recommendation: Book partial profits, trail SL to 74.85, target 75.80/ 75.95
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Major Pair levels and bias summary
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
FxWirePro: NZD/USD slips as New Zealand’s unemployment rises in Q4
Iran Unrest Sparks Oil Rally — Bounce Off EMA, Buy Dips to $66.40 Glory
NZDJPY Bulls in Control: Buy-the-Dip Setup Points to 96 Target
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
USD/CHF Pauses After 200-Pip Rally — Buy Dips Near 0.775, Target 0.790 



