NZD/JPY analysis

[Geoff Barnett]

We analyzed the NZDJPY chart with Bollinger Bands, Moving average and RSI and all the indicators are paying their output in favor of buyers indeed and so to the buyers the entry point is at 75.53 and the closing point is at 76.45.

 

[Naumnic]

Others pairs interesting is GBPJPY 

The GBP/JPY is catching a bounce at the tail end of Asia trading, lifting back into 110.20 after declining into 110.96 through the overnight session. Do you know how many japanese yen to the uk pound? Well this Thursday's early sell-off saw a new June low for the GBP/JPY below 144.20, and the next immediate barrier will be May's low, nearby at 143.20, while a bullish correction will see resistance at last week's swing high of 146.65, with further resistance at June's high of 148.10.

Risk aversion continued to be the overall theme governing the Guppy on Wednesday, with the Sterling sinking further against the Yen after the Bank of England's Mark Carney and Financial Stability Report (FSR) double-header did little to drive buyers into the markets, with Carney focused on drags on global growth from the ongoing trade tensions between the US and almost everybody else, and the FSR highlighting potential risks from a disorderly Brexit, an outcome that continues to look increasingly likely to occur as current negotiations about the various Brexit concerns continue to go nowhere.