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NZD/JPY intraday: as long as 87.77 is support look for 88.78
2023-10-31
725
87.77 is our pivot point.
Our preference: as long as 87.77 is support look for 88.78.
Alternative scenario: the downside breakout of 87.77 would call for 87.43 and 87.22.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 88.04 and 87.56).
Supports and resistances:
89.20 **
88.99 *
88.78 **
88.57
88.14 last
87.91
87.77 **
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