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NZDJPY Retraces on Tokyo CPI: Bulls Eye 95.00 Target as Support Holds

NZDJPY pared some of its gains as the yen gained momentum after Tokyo CPI. It hits an low of 92.95 yesterday and is currently trading around 93.28. Intraday trend is bullish as long as support at 91.80 holds

 

Technicals

CMP -93.27

Trend

1- Hour chart

Value

 

 

55 EMA

93.29

CMP <value

Bearish

200- EMA

92.95

CMP > value

Bullish

365- EMA

92.87

CMP >value

Bullish

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-57.67

ADX

Neutral

 Strength improved from 30.55 to 32.32

 

It is good to buy on dips around 93 with SL around 91.90 for a TP of 95

 

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