NZDJPY is consolidating in a narrow range with no proper direction. Intraday trend remains bearish as long as the resistance at 87.20 holds. Hitting an intraday high of 86.62, it presently trades at about 86.55. 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 86.80, breach above targets 87/87.40/89.20/90. The immediate support is at 86.35; any violation below will drag the pair to 86/85.50/85.10/84.06.
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 87 with SL around 87.40 for TP of 85.


FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
FxWirePro -Major European Indices
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: EUR/NZD remains under pressure as key support gives way
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro:NZD/USD continues to recovers , upside pressure builds 



