NZDJPY Bulls Eye 92.00 as Yen Weakness Keeps Pair Firm Above 90.50

On board-based yen weakness, NZDJPY maintains above 90.50. As long as support 89.80 holds, the intraday trend is upward. The pair topped intraday highs of 90.84; presently trades around 90.827.

Oscillators and moving averages to forecast the trend of NZDJPY

CMP- 90.827

EMA (4-hour chart)

55-EMA- 90.45

200-EMA- 89.85

365-EMA- 89.16. The pair trades below the short (55 EMA)  and above long-term moving average(200 and 365).

Major support- 90.45. Any breach below will drag the pair down to 90/-89.70/89.20/88.70/88.40/87.99.

Major resistance - 90.85. Any break above 90.85 confirms minor bullishness, a jump to 91/91.50/92/93.

Indicator (4- hour chart)

CCI (50)- bullish

Average directional movement Index-  Neutral. All indicators confirm a mixed  trend.

It is good to buy on dips around 90.48-50 with SL around 89.90 for the TP of 92.