NZD/JPY intraday: the downside prevails as long as 87.38 is resistance
87.38 is our pivot point.
Our preference: the downside prevails as long as 87.38 is resistance.
Alternative scenario: above 87.38, look for 87.69 and 87.88.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 87.22 and 87.46).
Supports and resistances:
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