NZD/JPY intraday: as long as 84.75 is support look for 85.80

Our pivot point stands at 84.75.

Our preference: as long as 84.75 is support look for 85.80.

Alternative scenario: below 84.75, expect 84.34 and 84.10.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 84.99 and 84.73).

Supports and resistances:

86.28 **

86.04 *

85.80 **

85.56

85.06 last

84.90

84.75 **

84.34 *

84.10 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 03-01-2023 at 21:41 UTC+1

Price reference: 85.06 last known on 03-01-2023 at 21:41 UTC+1

Investment horizon: INTRADAY