NZDJPY lost its shine on a weak New Zealand dollar. The intraday trend remains bearish as long as the 87.50 resistance holds. Having reached a low of 86.15 yesterday, it now trades around 86.846.
Oscillators and moving averages to forecast the trend of NZDJPY
CMP- 86.846
EMA (4-hour chart)
55-EMA- 87.28
200-EMA- 87.66
365-EMA- 87.53. The pair trades below the short and below long-term moving average.
Major support- 86. Any breach below will drag the pair down to 85.37/84.45/84.
Major resistance - 87. Any break above 87 confirms minor bullishness, a jump to 87.50/88.10/89.
Indicator (1 hour chart)
CCI (50)- bearish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to sell on rallies around 87 with SL around 87.50 for TP of 86/85.37.


FxWirePro: USD/CAD bulls continue to hold the higher ground
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro- Major Crypto levels and bias summary
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike 



