NZDJPY has been consolidating in a narrow range between 88.98 and 89.657 for the past two days. The yen showed a minor pullback on policy divergence between the US Fed and the BOJ. As long as support at 88.70 persists, the intraday trend is bullish. The pair hit an intraday high of 89.586; it currently trades at about 89.373.
Oscillators and moving averages to forecast the trend of NZDJPY
CMP- 89.374
EMA (4-hour chart)
55-EMA- 88.47
200-EMA- 87.74
365-EMA- 87.51. The pair trades above the short (55 EMA) and long-term moving average(200 and 365).
Major support- 89. Any breach below will drag the pair down to 88.70/88.40/87.99/87.20/86.65/85.37/84.45/84.
Major resistance - 89.65. Any break above 89.65 confirms minor bullishness, a jump to 90/90.65/92.
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 88.70-72 with SL around 88 for TP of 90.65/92.


FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
FxWirePro: AUD/USD remains buoyant, looks to extend gains
FxWirePro: GBP/NZD gains some upside momentum but still bearish
Crypto Major Pair Action Bias: ETHUSD Bullish as BTCUSD, SOLUSD & XRPUSD Stay Neutral
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
FxWirePro: AUD/USD edges lower, but bullish outlook persists
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
Gold Loses Steam After Strong U.S. Retail Sales
FxWirePro- Woodies pivot (Major)
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align
FxWirePro: GBP/USD hits one-month high, scope for further upside
NZDJPY Bullish Surge: Strong Kiwi Ignites Fresh Upside as 94 Support Holds and All EMAs Align 



