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.


FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
Gold Loses Steam After Strong U.S. Retail Sales
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: NZD/USD trades in narrow range ,outlook bullish
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align
FxWirePro: GBP/USD under pressure despite UK's modest economic growth
FxWirePro: AUD/USD edges lower, but bullish outlook persists
FxWirePro- Major Pair levels and bias summary
NZDJPY Bullish Surge: Strong Kiwi Ignites Fresh Upside as 94 Support Holds and All EMAs Align
GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 



