NZD/JPY chart - Trading View
NZD/JPY was trading 0.09% higher on the day at 69.71 at around 06:30 GMT, intraday bias is bullish.
The pair is extending bounce off 200-DMA and is on a winning streak for the 4th straight session.
Major trend in the pair is neutral, while minor trend is turning bullish as evidenced by rising short-term moving averages on the GMMA indicator.
Resistance seen for upside at 21-EMA at 69.74 and 20-DMA at 69.82. Decisive break above 20-DMA will see further gains.
Price action is within the daily cloud and next major hurdle lies at weekly cloud at 70.11.
On the flipside, 55-EMA is immediate support at 69.44. Bullish invalidation only below 200-DMA.
