NZD/JPY Potential Upward Movement

NZD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 85.33, 86.39, 86.98

Key Support Levels: 84.04, 82.80, 82.17

Daily Chart:

The price on the higher time frame has been in an uptrend for the last few months and recently it did a pullback. The pair found support at the trendline and bounced back. The resistance levels of 82.30 and 83.43 has been broken with good momentum.

NZD/JPY Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price broke a resistance level of 82.80 with good momentum and recently it has broken a minor level of 84.04 and retested that zone before continuing the momentum.

Signal Idea:

Buy Stop Order @ 84.62

TP 1 @ 85.29

TP 2 @ 86.30

Stop Loss @ 83.95

Trade Safely 🙂