NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97

 

 

 

NZDJPY showed a minor pullback on board-based yen weakness. If the 93.60 support  holds, the uptrend appears to be trending toward favorability.

 

Technicals	CMP -94.72	Trend
4- Hour chart	Value
55 EMA	94.47	CMP<value	Bearish
200- EMA	93.52	CMP >value	Bullish
365- EMA	93.27	CMP>value	Bullish
EMA	92.55	CMP>Value	Bullish

 Near-term resistance - 95.50/96.25/97. Near-term support- 94.40/93.70/93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator	Inference	Value
CCI(50)	Neutral
ADX	Neutral

 It is good to buy on dips around 94.40 with an SL around 93.60, for a TP of 97.