💱 NZDJPY - Resistance Breakthrough. The target is 89.9
NZDJPY breaks resistance. The market looks interested enough to reach the target of 89.900. The New Zealander is performing well against the Japanese yen.
Prerequisites for growth:
1) A triple bottom is formed in the area of 87.00
2) The price breaks through the next resistance and tries to get a new impulse to open the potencial.
3) Price consolidation above 88.65 will give a buy signal
4) A global range is formed and the price implements a range trading strategy.
Key support: 88.65
Key resistance: 89.9
Prerequisites for growth:
1) A triple bottom is formed in the area of 87.00
2) The price breaks through the next resistance and tries to get a new impulse to open the potencial.
3) Price consolidation above 88.65 will give a buy signal
4) A global range is formed and the price implements a range trading strategy.
Key support: 88.65
Key resistance: 89.9
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