NZD/JPY intraday: the downside prevails as long as 85.31 is resistance

Trading Central 2025-05-22 12:22:04

Our pivot point stands at 85.31.

Our preference: the downside prevails as long as 85.31 is resistance.

Alternative scenario: above 85.31, look for 85.76 and 86.03.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 85.17 and 85.34).

Supports and resistances:

86.03 **

85.76 *

85.31 **

85.13

84.93 last

84.37

84.10 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. Our company accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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