- NZD/JPY made a high of 91.06 after making a intraday low of 90.41 yesterday. Short term trend is bullish as long as support 89.80 holds.
- On the upside minor resistance is around 91.06 (Apr 8th high) and any break above will take the pair to next targets 91.88/93.
- The minor support is around 90.25 (55 day 4 EHMA) .
Indicators (4 Hour chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy
Recommendation: Buy NZD/JPY around 90.80, SL 90.25, Target 91.88.
The material has been provided by InstaForex Company – www.instaforex.com