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NZD/JPY Consolidates Below 90: Bearish Bias Holds as Traders Wait for a Clear Breakout

NZDJPY has been consolidating in a narrow range between 88.11 and 89.07 for the past 10 days. The downtrend seems to be leaning toward favorability if the 90 resistance holds.

Technicals

CMP-88.77

Trend

4-hour chart

Value

 

 

55 EMA

88.77

CMP>value

Bullish

200- EMA

90.11

CMP <value

Bearish

365- EMA

91.10

CMP<value

Bearish

  1. EMA

91.82

CMP<Value

Bearish

 Near-term resistance - 89/89.60/90/90.80/91.25/91.80/92/92.30/93.20. Near-term support- 88/87/86.34.

Momentum indicator

Inference

Value

CCI(50)

Bullish

69.07

ADX

Neutral

 


It’s best to wait until the market direction is clear.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
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