Nzdjpylong
NZDJPY Market Outlook | Daily Forex Market BreakdownNZDJPY
Looking similar to NU pushing up and rejecting off residence nicely. Still a little bit to early to hop into shorts but it is looking really good we could see one or two final pushes to the upside before we roll over and melt down to 70.00 and possibly lower. Definitely on the watchlist for now.
NZDJPY approaching support, potential for a bounce!
NZDJPY is expected to drop to 1st support at 69.322 where it could potentially react off and up to 1st resistance at 69.627.
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NZDJPY Previous Forecast On PointHello Traders,
Upward continuation to test the trend line expected. Wait for a small down move to complete a WXYXZ corrective pattern and then we will move up to test the bigger trend line and see how the price action reacts to it.
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Good luck
NZDJPY approaching support, potential for a bounce!
NZDJPY is expected to drop to 1st support at 69.059 where it could potentially react off and up to 1st resistance at 69.675.
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