- NZD/JPY has slightly retreated after making a high of 92.10. It is facing short term support around 91.36 (23.6 % retracement of 89.06 and 91.80) and any break below will drag the pair further down till 90.70/90.17.
- The pair’s minor resistance is around 92.10 and above which it can reach 93/93.69.
Indicators (1 Hour chart)
Woddies CCI (14) – Buy
CCI (50) – Buy
Ichimoku- Buy
We prefer to Buy NZD/JPY around 91.80 with stop around 91.30 for the targets 93/93.65.
The material has been provided by InstaForex Company – www.instaforex.com