NZD/JPY Breakout Alert – Bullish Momentum Targeting 88.000
NZD/JPY has officially broken out of a descending channel on the 4H chart, signaling a potential trend reversal and bullish continuation. After weeks of consolidation and compression within the channel, price action has now closed firmly above resistance, confirming breakout strength.
Key Technical Insights:
Descending Channel Breakout: The pair broke out of the falling channel, showing a strong shift in momentum.
Support Level: 85.100 is now acting as a key support zone following the breakout.
First Target: 87.300 – this level aligns with a previous structure and psychological barrier.
Final Target: 88.000 – a clean round number and psychological resistance level.
Trade Outlook:
As long as price remains above the 85.100 support level, the bullish bias remains valid. We expect a short-term pullback or consolidation before a potential move towards the first target at 87.300, followed by a continuation to 88.000.
Conclusion:
NZD/JPY is gaining bullish traction after breaking out of its downward structure. Momentum favors upside continuation with clear targets. Keep an eye on the 85.100 level — holding above it strengthens the bullish case.
Key Technical Insights:
Descending Channel Breakout: The pair broke out of the falling channel, showing a strong shift in momentum.
Support Level: 85.100 is now acting as a key support zone following the breakout.
First Target: 87.300 – this level aligns with a previous structure and psychological barrier.
Final Target: 88.000 – a clean round number and psychological resistance level.
Trade Outlook:
As long as price remains above the 85.100 support level, the bullish bias remains valid. We expect a short-term pullback or consolidation before a potential move towards the first target at 87.300, followed by a continuation to 88.000.
Conclusion:
NZD/JPY is gaining bullish traction after breaking out of its downward structure. Momentum favors upside continuation with clear targets. Keep an eye on the 85.100 level — holding above it strengthens the bullish case.
Trade active
NZDJPY 1st Target Hit!+200 Pips profit locked in ✅🎯🟢
Trade still active — partials secured, runners open!
Stay tuned for the next update as we trail for more!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.