NZD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 89.297, 89.516, 89.918
Key Support Levels: 88.807, 87.928, 87.557
The price on the higher time frame has been in an uptrend recently after it tested a support level of 84.544 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.
NZD/JPY Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 87.557 and 87.928 and has sustained above that. As of now the pair has broken and retested a minor level of 88.807 before continuing the momentum.
Buy Stop Order @ 89.019
TP @ 89.253
Stop Loss @ 88.785
Trade Safely 🙂