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NZD/JPY Under Pressure: Yen Strength Turns Rallies Into Fresh Sell Opportunities

 

NZDJPY trades below 92.50 as yen gains momentum on board-based yen buying. It hits an intraday low of 92.25 and is currently trading around 92.457.

 

Technicals

CMP -92.457

Trend

1- Hour chart

Value

 

 

55 EMA

93.12

CMP < value

Bearish

200- EMA

93.45

CMP<Value

Bearish

365- EMA

93.14

CMP<Value

Bearish

 

Momentum indicator

Inference

Value

CCI(50)

below zero line (bearish)

-126

ADX

Bearish

Strength     52.26

 

It is go to sell on rallies around 92.68-70 with SL around 93.20 fr a TP of 91.05/90.

 

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