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Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit 
As the yen gathered momentum, NZDJPY trimmed some of its profits. Intraday trend is good as long as support 92.85 is maintained. The pair reaches a peak of 94.97, then trades at around 94.20.
Oscillators and moving averages to forecast the trend of NZDJPY
CMP- 94.20
EMA (1-hour chart)
55-EMA- 94.13
200-EMA- 93.58
365-EMA- 93.04. The pair trades above the short (55 EMA) and above long-term moving average 200 and above 365).
Major support- 93.55. Any breach below 93.55 will drag the pair down to 93/92.50/92/91.40/90.85/90.45/89.70.
Major resistance - 94.50. Any break above 94.50 confirms minor bullishness, a jump to 95/96.
Indicator (1- hour chart)
CCI (50)- bullish
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.
