The NZDJPY pair traded in a narrow range for about a week before breaking above a significant yearly resistance level and reaching a new high for the year.
The previous resistance level at 97.84 - 97.96 has now become a support zone.
I anticipate a continuation of the bullish trend from this support area, with target levels at 98.21 - 98.44.
The previous resistance level at 97.84 - 97.96 has now become a support zone.
I anticipate a continuation of the bullish trend from this support area, with target levels at 98.21 - 98.44.
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Disclaimer
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