NZD/JPY Consolidation: Bullish Breakout Likely Above 92.100
The NZD/JPY pair is in consolidation, with a bullish setup emerging if it can break above the key 92.100 resistance. A breakout here could drive the pair toward the next target at 93.00, signaling a strong upward momentum shift. Economic factors, including Japan's continued low interest rates and New Zealand's economic stance, support this potential move. Traders should watch for a clear move above 92.100 for confirmation of a bullish trend.
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