• NZD/JPY  has broken major support 89 and any break below will confirm weakness decline till 87.25 cannot be ruled out.
  • On the upside minor resistance is around 89.71 and any break above will take the pair to next target 90/90.80. 

Indicators (4 Hour chart)

CCI (50) – Sell

CCI (14) – Sell

CCI (14)-Sell

Recommendation: Sell NZD/JPY around 89, SL 89.71, Targets 88.20/87.25. 

The material has been provided by InstaForex Company – www.instaforex.com