NZDJPY halted its two-week bullish trend and showed a minor sell-off. Intraday trend remains bullish as long as the support at 86.50 holds. It hit a high of 87.27 and is currently trading around 87.02. The overall bearish trend is intact as long as the resistance at 89.20 holds.
Technicals-
The pair is trading above 55 EMA, below 200-EMA, and 365 EMA on the 4-hour chart.
The near-term resistance is around 87.30, breach above targets 87.70/88/89.05. The immediate support is at 86.80; any violation below will drag the pair to 86.50/86/85.50/85.10/84.06.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index- neutral. All indicators confirm a neutral trend.
It is good to buy on dips around 86.80 with SL around 86.40 for TP of 88.


FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: NZD/USD downside pressure builds, key support level in focus
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro- Major European Indices
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro- Major Crypto levels and bias summary 



