NZDJPY is consolidating in a narrow range after a massive sell-off. It reached an intraday high of 93.56 and is currently trading near 93.34. If the 94.40 resistance level stays steady, the downward trend seems to be going well.
|
Technicals |
CMP -93.34 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.12 |
CMP< value |
Bearish |
|
200- EMA |
93.02 |
CMP <value |
Bearish |
|
365- EMA |
92.71 |
CMP< value |
Bearish |
Near-term resistance - 93.60/94.50/95/96. Near-term support- 92.70/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
19.34 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 93.38-40 with SL around 94 for a TP of 90.


FxWirePro- Major Pair levels and bias summary
AUDJPY Relief Rally: A Golden Opportunity for the Bears?
Bitcoin Peaks Above USD 81,000: Resilient Demand Absorbs Strategic Profit-Taking
FxWirePro- Major European Indices
GBPJPY Technical Check: Is the Dragon Running Out of Fire?
Ethereum Pullback: ETHUSD Tests Support After Mirroring Bitcoin’s Profit-Booking
Swiss Strength Persists: USDCHF Slumps Below 0.7800 Amid Broad Greenback Sell-Off
FxWirePro: USD/CAD gains some ground but bearish outlook persists
FxWirePro: EUR/USD bid on Iran deal optimism , upside pressure builds
FxWirePro: AUD/USD remains buoyant, looks to extend gains
FxWirePro: GBP/USD up on Iran hopes, looming UK local elections a risk
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran peace deal hopes
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CNY hovers near three-year low, scope for further downside
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY consolidates, likely to maintains downward pressure 



