NZDJPY breaks significant support at 88.62 and hits fresh week’s low. It hit a low of 88.44 and is currently trading around 88.56.
The demand for safe-haven assets pushes yen prices higher.
Technicals-
The pair trades below 34- and 55 EMA in the 4-hour chart.
The near-term resistance is around 89.35 (23.6% fib), a breach above targets 89.83/90/90.14/90.80. The immediate support is at 88.60, any violation below will drag the pair to 88/87.14.
Indicator (4-hour chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index- Bearish. All indicators confirm the bearish trend.
It is good to sell on rallies around 88.62-65 with SL around 89.20 for a TP of 87.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: USD/ZAR sell bias remains below key resistance zone
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Woodies pivot (Major)
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 



