NZD/JPY Potential Upward Movement

NZD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 86.198, 86.857, 87.546

Key Support Levels: 85.203, 84.608, 83.064 

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It tested a support level of 83.064 and bounced back. The pair has broken a few resistance levels which suggests further trend continuation.

NZD/JPY Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a zone recently to shift the short term trend to bullish. As of now the pair has broken and retested a minor level of 85.203 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 85.619

TP @ 86.060

Stop Loss @ 85.178

Trade Safely 🙂