Candlestick pattern- Bearish Engulfing
NZDJPY pared most of its gains on a weak New Zealand dollar. The intraday trend is bearish as long as the resistance at 88.85 holds. The pair hit a high of 88.85 yesterday; it now trades at about 88.12.
Oscillators and moving averages to forecast the trend of NZDJPY
CMP- 88.078
EMA (4-hour chart)
55-EMA- 87.72
200-EMA- 87.405
365-EMA- 87.289. The pair trades above the short (55 EMA) and long-term moving average.
Major support- 87.80. Any breach below will drag the pair down to 87.40/87.20/86.65/85.37/84.45/84.
Major resistance - 88.50. Any break above 88.50 confirms minor bullishness, a jump to 88.85/89/90.
Indicator (4-hour chart)
CCI (50)- bullish
Average directional movement Index- Neutral. All indicators confirm a Mixed trend.
It is good to sell on rallies around 88.28-30 with SL around 88.85 for TP of 87.21/86.60.


FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 



