NZD/JPY chart - Trading View
NZD/JPY is extending weakness for the 4th straight session.
The pair was trading at 72.28 at 02:30 GMT, down 0.14% at the time of writing.
Price action has resumed weakness after failure to break out of daily cloud.
Major trend is bearish. 'Shooting Star' pattern formed at highs raises scope for further downside.
Stochs have rolled over from overbought levels and RSI is biased lower. Minor pullback seems to have fizzled out.
The pair finds strong support at 72.29 (nearly converged 21 and 55 EMAs). Break below will see downside resumption.
Little support seen till Lower Bollinger band at 71.74. Further weakness could take the pair to 70.26 (June lows).
Breakout above could will negate any bearish bias. Scope for upside till 200-DMA.
Support levels - 72.29 (nearly converged 21 and 55 EMAs), 72, 71.74 (Lower BB)
Resistance levels - 72.52 (5-DMA), 73 (110-EMA), 73.24 (July 22 high)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: USD/ZAR edges higher, set to stay on back foot
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro- Woodies pivot (Major)
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/ USD strongly bearish despite upside attempts 



