• 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

We prefer to buy NZD/JPY around 90.40, SL 89.73, Target 91.88. 

Resistance

R1- 90.67

R2-91.20

R3-91.88

Support

S1-89.73

S2-89

S3-88.60 

The material has been provided by InstaForex Company – www.instaforex.com