FxWirePro: NZD/JPY Trade Idea

NZD/JPY chart on Trading View used for analysis 

Technical Analysis: Bias Bullish
- Extends breaks into cloud and above 21-EMA
- Breaks above 55-EMA and pauses just shy of 23.6% Fib
- Stocks and RSI are biased higher, RSI has edged above 50 level
- MACD now shows a bullish crossover on signal line

Support levels - 74.10 (55-EMA), 73.86 (5-DMA)
Resistance levels - 74.45 (23.6% Fib), 75 (Tendline)

Recommendation: Stay long on dips, SL: 73.75, TP: 74.45/ 75 
 
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.