- 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