- NZD/JPY has taken trend line support 88.60 (Trend line joining 84.05 and 87.01) and recovered from that level. Intraday trend is bullish as long as support 88.60 holds.
- On the upside minor resistance is around 89.73 (200 day 4HEMA) and any break above will take the pair to next target 90.04/90.80.
Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
CCI (14)-Sell
Recommendation: Buy NZD/JPY around 89, SL 88.60, Targets 90.05.
The material has been provided by InstaForex Company – www.instaforex.com