- NZD/JPY made a high of 90.64 after making a low of 88.73. Short term trend is bullish as long as support 89.73 holds.
- On the upside minor resistance is around 90.67 (61.8% retracement of 91.88 and 88.73) and any break above will take the pair to next target 91.88.
Indicators (4 Hour chart)
CCI (50) – Buy
CCI (14) – Buy
CCI (14)- Buy
Recommendation: Buy NZD/JPY around 90.40, SL 89.73, Target 91.88.
The material has been provided by InstaForex Company – www.instaforex.com