NZD/JPY Climbs Higher as Weak Yen Fuels Bullish Momentum – Buy Dips for a Target of 88
NZDJPY trades higher for fourth consecutive days on weak yen. Intra trend remains bullish as long as the support at 86.50 holds. It hit an intraday high of 87.23 and is currently trading around 87.21. The overall bearish trend is intact as long as the resistance at 89.20 holds.
Technicals-
The pair is trading above 55 EMA, 200-EMA, and below 365 EMA in the 4-hour chart.
The near-term resistance is around 87.25, breach above targets 87.70/88/89.05. The immediate support is at 86.50; any violation below will drag the pair to 86/85.50/85.10/84.06.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index- Bullish. All indicators confirm a bullish trend.
It is good to buy on dips around 86.80 with SL around 86.40 for TP of 88.


FxWirePro: GBP/AUD idles around 1.9230 as market awaits fresh catalysts
FxWirePro:NZD/USD edges lower, bearish outlook persists
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: GBP/AUD edges lower, downside risk remains
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro- Woodies Pivot(Major)
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD remains buoyant, looks to extend gains 



