NZDJPY Chart Technical Outlook looks indecisive ahead of the BoJ meeting
NZD/JPY spiked higher earlier in the Asian session on strong GDP data from New Zealand but bounced lower as the risk aversion sentiment dominated markets after the hawkish Fed projections from yesterday.
Prices stall above 87.50, a previously broken resistance-turned-support, and the daily ATR range.
The pair printed a higher low in September and traded within a rising channel.
There is uncertainty about the following BOJ meeting, due this Friday.
My bias is neutral at the moment.
Resistances: 88.30, 89.00
Supports: 87.20, 86.70