FxWirePro- NZDJPY trade idea
NZDJPY traded neutral with a positive bias yesterday. It hit a high of 90.31 and is currently trading around 90.15.
Technicals-
The pair trades above 34- and 55 EMA in the hourly chart.
The near-term resistance is around 90.31, a breach above targets 90.82/91.80. The immediate support is at 89.85 any violation below will drag the pair to 89.70/89.10/88.40.
Indicator (hourly chart)
CCI (14)- Bullish (above 100)
CCI (50)- Bullish (above 100)
Average directional movement Index - Bullish. All indicators confirm a bullish trend.
It is good to buy on dips around 90.02--05 with SL around 89.70 for TP of 90.80.
