AUDJPY Holds the Line: Positive Bias Intact Above 109 – Dip Buyers Eyeing 112 Breakout? 
GBPJPY Stuck in Tight Range: Bullish Bias Holds Above 211.50 – Dip Buyers Targeting 215 Breakout? 
FxWirePro- Major European Indices 
Most of NZDJPY's gains are wiped out as the yen gathers steam following Japanese PM Sanae Takaichi's appointment. Intraday trend is upbeat, provided support at 92.85 is present. Having hit a peak of 94.97, the couple of trades around 93.92.
Oscillators and moving averages to forecast the trend of NZDJPY
CMP- 93.85
EMA (1-hour chart)
55-EMA- 94.14
200-EMA- 93.70
365-EMA- 93.17. The pair trades below the short (55 EMA) and above long-term moving average 200 and above 365).
Major support- 92.85. Any breach below 92.85 will drag the pair down to 92.50/92/91.40/90.85/90.45/89.70.
Major resistance - 94.20. Any break above 94.20 confirms minor bullishness, a jump to 95/96/97.
Indicator (1- hour chart)
CCI (50)- bearish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to buy on dips around 93.48-50 with SL around 92.50 for the TP of 96.
