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, sees strong resistance at 77 levels - EconoTimes)
NZD/JPY edges lower from session highs at 76.92, and is currently trading around 76.37 levels.
- The pair finds strong resistance at 77 levels which is falling trendline connecting 77.80 (Mar 3rd highs), 82.67 (Dec 31st high), 82.86 (Dec 29th highs).
- Price action remains well below the cloud and 200-DMA, momentum studies are neutral.
- Breaks above 77 cloud see further bullishness, while on the downside break below 75.96 (5-DMA) could see weakness upto 75.40 (trendline support).
- Market focus remains on BoJ policy meet scheduled for Tuesday, 15th March for further direction.
