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NZD/JPY Slips as Yen Strength Returns: Bears Eye Deeper Drop Toward 90.00

NZDJPY lost its shine on board-based yen buying. It hits an intraday low of92.69 and is currently trading around 92.70.

 

Technicals

CMP -92.97

Trend

1- Hour chart

Value

 

 

55 EMA

94.16

CMP is less than the value

Bearish

200- EMA

93.64

CMP is less than the value

Bearish

365- EMA

93.19

CMP is less than the value

Bearish

 

Momentum indicator

Inference

Value

CCI(50)

below zero line (bearish)

-94

ADX

Bearish

Strength     43

 

It is good to sell on rallies around 93.18-20 with SL around 94 fr a TP of 91.05/90.

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