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FxWirePro: NZD/JPY intraday bias higher, good to go long on dips

  • NZD/JPY  break major resistance 100-DMA 74.01 and 20-DMA at 74.16, intraday bias higher.
     
  • Technicals on daily charts support upside, pair on track to test 200-DMA at 75.04.
     
  • RSI & stochs are biased higher, bullish MACD line crossover on signal line seen.
     
  • Major support levels - 74.16 (20-DMA), 100-DMA (74.01), 73.86 (session low)
     
  • Major resistance levels - 75.04 (200-DMA), 75.30 (trendline), 76

Recommendation: Good to go long on dips around 74.20/30, SL: 73.85, TP: 75/ 75.30
 

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