NZDJPY lost its shine on Yen strength. Intraday trend remains bearish as long as the resistance at 86.75 holds. Hitting an intraday low of 86.04, it presently trades at about 86.138. As long as the resistance at 89.20 remains intact, the general bearish trend is still valid.
Technicals-
The pair is trading below the 55 EMA, 200 EMA, and 365 EMA in the 4-hour chart.
The near-term resistance is around 86.75, breach above targets 87/87.40/89.20/90. The immediate support is at 86, any violation below will drag the pair to 85.50/85.10/84.06.
Indicator (4 hour chart)
CCI (50)- Bearish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to sell on rallies around 87.28-30 with SL around 86.75 for TP of 85.


Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro- Major US Indices
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro- Major European Indices
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro- Major European Indices
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: USD/CAD downside pressure builds, key support level in focus 



