Yen Strength Fuels NZDJPY Downtrend: Sell Rallies Near 91.50

NZDJPY declined sharply as the yen gained momentum. If the 92.30 resistance holds, the downtrend appears to be trending toward favorability.

 

Technicals	CMP -90.71	Trend
4- Hour chart	Value
55 EMA	93.20	CMP<value	Bearish
200- EMA	93.66	CMP <value	Bearish
365- EMA	93.57	CMP<value	Bearish
EMA	93	CMP<Value	Bearish

 Near-term resistance - 91.50/91.80/92/92.30/93.20/93.80/94.40//95.50. Near-term support: 90.70/90/89.

Momentum indicator	Inference	Value
CCI(50)	Bearish	-141.24
ADX	Bearish	Strength increased from 48.38 to 49.91

 It is good to sell on rallies around  91.48-50 with an SL around 92.30, for a TP of 89.