Friday, October 16, 2026

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FxWirePro: NZD/JPY sees strong resistance at 76.85, further bullishness only on breaks above

NZD/JPY has been trading in a multi-week range of 76.84-73.54, the pair has broken strong trendline resistance at 76. We had given a long call for the pair (http://www.econotimes.com/FxWirePro-NZD-JPY-breaks-major-resist…

By Jay L. Zagorsky
1 min read
FxWirePro: NZD/JPY sees strong resistance at 76.85, further bullishness only on breaks above
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  • NZD/JPY has been trading  in a multi-week range of 76.84-73.54, the pair has broken strong trendline resistance at 76.

  • We had given a long call for the pair (http://www.econotimes.com/FxWirePro-NZD-JPY-breaks-major-resistance-at-76-good-to-buy-dips-171793).

  • All targets have been hit, we advise booking full profits and exiting the trade. Further bullishness in the pair can be seen only above 76.85. 

  • Weekly charts show Stochs have rolled over from oversold region and RSI had turned higher.

  • The price action is however, below weekly 200 period MA and the cloud. A decisive break above 76.85 could see upside resume.

Recommendation: Book full profits and exit trade, watch out for breakout above 77 to go long.

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By FxWirePro Team