NZDJPY trades below the 86 level as yen gains momentum. Intraday trend remains bearish as long as the resistance at 86.75 holds. Hitting an intraday low of 85.79, it presently trades at about 85.948. 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 85.75, 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 86.28-30 with SL around 86.75 for TP of 85.


FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro: EUR/ NZD loses momentum but outlook is bullish
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro- Major European Indices
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
Euro Bulls Retreat: EURUSD Faces Resistance at 1.1500 as Technical Indicators Signal Further Downside
FxWirePro- Woodies Pivot(Major)
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
FxWirePro: USD/ZAR loses momentum but outlook is bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150 



