NZD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 78.955, 79.252, 79.475.
Key Support Levels: 78.610, 78.447, 78.359.
1-Hr Time Frame:
The price on the higher time frame is in a clear upward movement where the market is traded inside a bullish channel formation. The pair is correction to the highlighted support where after it a new bullish impulsive wave could be seen.
NZD/JPY Medium-Term Trend: Bullish
5-Mins Time Frame:
On the lower time frame, the price succeeded to break the bullish flag formation to the upside after finding buyers near the support level. A lower correction could be seen before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 78.619
TP 1 @ 78.910
TP 2 @ 79.252
Stop Loss @ 78.499
Trade Safely 🙂