- NZD/JPY has broken major trend line resistance 91.30 (trend line joining 91.88 and 91.50) and intraday trend is bullish as long as 90.80 holds.
- On the downside any break below 90.80 will drag the pair further down till 90.40/89.95 (200 day HMA).
- The pair’s minor resistance is around 91.88 and above which it can reach 93/93.69.
Indicators (4 Hour chart)
Woddies CCI (14) – Buy
CCI (50) – Buy
Ichimoku- Buy
We prefer to Buy NZD/JPY around 91.25 with stop around 90.79 for the targets 93/93.65.
The material has been provided by InstaForex Company – www.instaforex.com