NZDJPY False Breakout, Into Channel Again? resistance at 83.2
NZDJPY was moving within a downward trend channel but recently broke through the channel's support, only to close back inside, suggesting a potential false breakout. Additionally, just below this support level, there is a strong weekly support around 80.2. I believe it has re-entered the channel, with the main resistance near 83.2. We'll see if it can surpass this resistance in the coming days, with a stop-loss set at 80.
Note
Going as per the prediction ...let u s see...Trade active
will rise again from hereTrade closed: target reached
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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.