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: NZD/USD edges higher ahead of RBNZ decision
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro- Woodies Pivot (Major)
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro:EUR/NZD gains some ground but outlook is bearish
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
FxWirePro- Major Crypto levels and bias summary
NZDJPY Faces Downward Pressure as 95.40 Resistance Holds Firm
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
FxWirePro- Woodies Pivot (Major)
FxWirePro: GBP/USD cedes early gains ,outlook bearish 



