NZD/JPY Short term Outlook
NZD/JPY has broken short term resistance 90.80 and it confirms short term bullishness a jump till 91.88 cannot be ruled out .
Intraday trend reversal can happen only below 90.28. On the downside break below 90.25 will drag the pair further down till 89.70.
Indicators (1 Hour chart)
Woodies CCI (14) - Buy
CCI (50) – Buy
Ichimoku- Buy
We prefer to buy around 90.75 with stop around 90.25 for the target of 91.85.
Intraday trend reversal can happen only below 90.28. On the downside break below 90.25 will drag the pair further down till 89.70.
Indicators (1 Hour chart)
Woodies CCI (14) - Buy
CCI (50) – Buy
Ichimoku- Buy
We prefer to buy around 90.75 with stop around 90.25 for the target of 91.85.