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The NZD/JPY is currently in a state of indecision, with many sellers contributing to a potential continued bearish movement. However, if the 1M pivot point (PP) holds as support, we could see a continuation of bullish movement. If the support fails, there may be further testing before the bulls regain control. The outcome largely depends on the market's reaction to the 1M PP. It's important to remember that the long-term trend remains strongly bullish.
TradeWithTheTrend3344
The NZD/JPY is currently in a state of indecision, with many sellers contributing to a potential continued bearish movement. However, if the 1M pivot point (PP) holds as support, we could see a continuation of bullish movement. If the support fails, there may be further testing before the bulls regain control. The outcome largely depends on the market's reaction to the 1M PP. It's important to remember that the long-term trend remains strongly bullish.
TradeWithTheTrend3344
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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.
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.