None
ES
NZD/JPY Loses Momentum as Yen Strengthens: Bearish Trend Holds Below Key Resistance
[]
EconoTimes RSS
Intraday trend remains bearish as long as the resistance at 86.75 holds.
As long as the resistance at 89.20 remains intact, the general bearish trend is still valid.
Technicals-The pair is trading below the 55 EMA, 200 EMA, and 365 EMA in the 4-hour chart.
The near-term resistance is around 86.75, breach above targets 87/87.40/89.20/90.
It is good to sell on rallies around 87.28-30 with SL around 86.75 for TP of 85.