NZD/JPY intraday: target 83.40
The MACD must penetrate its zero line to expect further downside.
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The MACD must penetrate its zero line to expect further downside.
Our preference: as long as 0.6156 is support look for 0.6228.
Alternative scenario: the upside breakout of 164.68 would call for 165.46 and 165.93.
Alternative scenario: the upside breakout of 1.9557 would call for 1.9635 and 1.9681.
The MACD is below its signal line and negative.
The configuration is negative.
The MACD is negative and below its signal line.
The MACD is negative and below its signal line.

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Short positions below 104.9000 with targets at 104.4000 & 104.2500 in extension.
Short positions below 1.3605 with targets at 1.3555 & 1.3535 in extension.
Short positions below 0.9390 with targets at 0.9340 & 0.9315 in extension.