- NZD/JPY has made a high of 89.25 and retreated from that level. Overall trend is bearish as long as resistance 89.75 holds.
- On the upside minor resistance is around 89.25 and any break above will take the pair to next target 89.75/90/90.80.
Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) – Buy
CCI (14)-Sell
Recommendation: Sell NZD/JPY around 89, SL 89.75, Targets 88.20/87.25.
The material has been provided by InstaForex Company – www.instaforex.com