NZD/JPY Bears Eye 91.00 as Resistance at 94.40 Holds Strong

NZDJPY pared some of its gains as the New Zealand dollar loses momentum. If the 94.40  resistance holds, the downtrend appears to be trending toward favorability.

 

Technicals	CMP -93.448	Trend
4- Hour chart	Value
55 EMA	93.57	CMP<value	Bearish
200- EMA	93.55	CMP <value	Bearish
365- EMA	93.41	CMP>value	Bullish
EMA	92.81	CMP>Value	Bullish

 Near-term resistance - 94.50/95/95.50/96.25/97. Near-term support- 93.70/93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator	Inference	Value
CCI(50)	Neutral
ADX	Neutral

 It is good to sell on rallies around 93.68-70 with an SL around 94.30, for a TP of 91.