- 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