NZDJPY declined sharply after a minor pullback above 88 on a weak New Zealand dollar. The intraday trend is bullish as long as support 87.20 holds. Having dipped to an intraday low of 87.41, it now trades at about 87.486.
Oscillators and moving averages to forecast the trend of NZDJPY
CMP- 87.51
EMA (4-hour chart)
55-EMA- 87.539
200-EMA- 87.322
365-EMA- 87.23. The pair trades below the short (55 EMA) and above the long-term moving average.
Major support- 87.20. Any breach below will drag the pair down to 86.65/85.37/84.45/84.
Major resistance - 87.85. Any break above 87.85 confirms minor bullishness, a jump to 88.20/89/90.
Indicator (4-hour chart)
CCI (50)- bullish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to buy on dips around 87.48-50 with SL around 87 for TP of 89.20.


FxWirePro: AUD/USD edges lower, but bullish outlook persists
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD trades in narrow range ,outlook bullish
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
Crypto Major Pair Action Bias: ETHUSD Bullish as BTCUSD, SOLUSD & XRPUSD Stay Neutral
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
EUR/USD Holds Bullish Tone Despite Pullback from Yesterday’s High
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD hits one-month high, scope for further upside
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
FxWirePro- Woodies pivot (Major)
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral 



