NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs

NZDJPY trades flat after hitting a high of 95.08.  If the 94 support  holds, the uptrend appears to be trending toward favorability.

 

Technicals	CMP -94.88	Trend
1- Hour chart	Value
55 EMA	93.65	CMP>value	Bullish
200- EMA	93.04	CMP >value	Bullish
365- EMA	92.98	CMP>value	Bullish
EMA	92.38	CMP>Value	Bullish

 Near-term resistance - 95.10/95.50/96.25/97. Near-term support-93.70/93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator	Inference	Value
CCI(50)	Bullish	145.93
ADX	Bullish	Strength increased from 50.63 to 53.60

 It is good to buy on dips around 94.48-50 with an SL around 93.50, for a TP of 97.

 

 

,BHJUY  5R