NZDJPY in a sequence of higher lows and highs.

NZDJPY - 24h expiry- We look to Buy at 88.25 (stop at 87.75)

The correction lower is assessed as being complete.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 88.50 will confirm the bullish momentum.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.

Our profit targets will be 89.45 and 89.70

Resistance: 88.75 / 89.00 / 89.50
Support: 88.25 / 88.00 / 87.50

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Support and Resistance

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