NZD/JPY Technical Analysis
NZD/JPY is currently reacting to a key supply zone around 85.174 – 85.609, where sellers have previously dominated. The price has shown signs of rejection from this resistance area, indicating potential bearish momentum.
If the selling pressure continues, the pair could move toward the target area near 83.476 – 83.497, aligning with previous support levels. A break below this zone could accelerate the downtrend.
However, if buyers regain control and break above the supply zone, we could see further upside potential. Traders should monitor price action and volume for confirmation.
📉 Bias: Bearish below supply zone
📍 Key Resistance: 85.174 – 85.609
📍 Key Support: 83.476 – 83.497
🔍 Watch for: Rejection at resistance.
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NZD/JPY is currently reacting to a key supply zone around 85.174 – 85.609, where sellers have previously dominated. The price has shown signs of rejection from this resistance area, indicating potential bearish momentum.
If the selling pressure continues, the pair could move toward the target area near 83.476 – 83.497, aligning with previous support levels. A break below this zone could accelerate the downtrend.
However, if buyers regain control and break above the supply zone, we could see further upside potential. Traders should monitor price action and volume for confirmation.
📉 Bias: Bearish below supply zone
📍 Key Resistance: 85.174 – 85.609
📍 Key Support: 83.476 – 83.497
🔍 Watch for: Rejection at resistance.
If you enjoy, press the like button.
Note
price is approaching in our supply zone.Trade active
Note
Congratulations guys, trade running 60 pips+ profits.Trade 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.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
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.