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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

  1. 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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