NZDJPY: Bullish Outlook - Breakout From Contracting Triangle
NZDJPY: Bullish Outlook - Breakout From Contracting Triangle
NZD/JPY has broken out of a strong contracting triangle pattern, signaling potential upward movement.
However, the price may take a short pause, possibly declining slightly for a brief correction before continuing its rise.
This move was triggered by a recent US-China tariff agreement, which is still fresh, meaning the market hasn't fully reacted. NZD/JPY could see further gains as the market absorbs the news.
Key levels to watch:
87.50 – A major technical zone
88.50 – Another key level near a larger structure
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZD/JPY has broken out of a strong contracting triangle pattern, signaling potential upward movement.
However, the price may take a short pause, possibly declining slightly for a brief correction before continuing its rise.
This move was triggered by a recent US-China tariff agreement, which is still fresh, meaning the market hasn't fully reacted. NZD/JPY could see further gains as the market absorbs the news.
Key levels to watch:
87.50 – A major technical zone
88.50 – Another key level near a larger structure
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
The price made the correction as expected near 86.50 as expected and increased again. +75 pips so far. The worst scenario for you should be +60
Note
NZDJPY - TARGET 1 REACHED:)
Note
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.