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.