Nzd/jpy Is Trading Below 90 Level, Decline Till 87.10 Cannot be ruled Out

• NZD/JPY is facing major support around 88.70 and any break above will drag the pair further down till 88.20/87.10 in short term.
• Intraday major resistance is around 89.93-90 (200 day 15 min MA) and any trend reversal can happen only above that level.
• The pair’s minor resistance is around 89.55 and above that it would extend gains till 90.

Indicators (15 Min chart)

CCI (50) – Sell

Woodies CCI (14) – Sell

Ichimoku – Sell

Recommendation: Sell NZD/JPY around 89.20, SL 90, Targets 88.21/87.

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