Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY 
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NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95 
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115 
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NZDJPY trades flat with negative bias. It reached an intraday low of 92.49 and is currently trading near 92.80. If the 94.40 resistance holds, the downward trend seems to be going well.
|
Technicals |
CMP -93.02 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.24 |
CMP<value |
Bearish |
|
200- EMA |
93.21 |
CMP <value |
Bearish |
|
365- EMA |
93.22 |
CMP<value |
Bearish |
Near-term resistance - 94/94.50/95/96. Near-term support- 92.45/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-225.15 |
|
ADX |
Bearish |
Strength increased from 9 to 21 |
It is good to sell on rallies around 93.48-50, with an SL around 94.40, for a TP of 90.
