Hello,
NZDJPY pair is expected to test support levels further at this stage. However, there remains confidence that these supports will provide enough momentum to push the price upward eventually. Currently, with the price closing below the monthly, weekly, and daily pivot points, a downside move appears more likely in the near term before any potential upward movement. A key signal for further downside would be if the price crosses and consolidates below 89.588.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
NZDJPY pair is expected to test support levels further at this stage. However, there remains confidence that these supports will provide enough momentum to push the price upward eventually. Currently, with the price closing below the monthly, weekly, and daily pivot points, a downside move appears more likely in the near term before any potential upward movement. A key signal for further downside would be if the price crosses and consolidates below 89.588.No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.