NZD/JPY intraday: as long as 76.84 is support look

NZD/JPY intraday: as long as 76.84 is support look for 77.56

NZDJPY

Trading Central 2021-02-22 17:04:13

76.84 is our pivot point.

Our preference: as long as 76.84 is support look for 77.56.

Alternative scenario: the downside breakout of 76.84 would call for 76.61 and 76.47.

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 pair is trading under its 20 period moving average (77.20) but above its 50 period moving average (76.97).

Supports and resistances:

77.84 **

77.70 *

77.56 **

77.42

77.13 last

76.93

76.84 **

Disclaimer

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