NZDJPY Technical Outlook:
NZDJPY is currently under pressure, aligning with the broader global bearish trend. On the local scale, the pair is moving within a flat range, showing signs of a pre-downtrend consolidation near a key support level.
A false breakout has already occurred, suggesting that bearish momentum may be building. Price action indicates that a retest of the 85.400 support level is likely. A repeated test of this level typically increases the probability of a breakout to the downside, potentially initiating a continuation of the decline.
Key Technical Notes:
Resistance zone : 85.400
Major Support 84.200
Keep eye on the market how the price will react Keep support with like and comments for more better analysis Thanks.
NZDJPY is currently under pressure, aligning with the broader global bearish trend. On the local scale, the pair is moving within a flat range, showing signs of a pre-downtrend consolidation near a key support level.
A false breakout has already occurred, suggesting that bearish momentum may be building. Price action indicates that a retest of the 85.400 support level is likely. A repeated test of this level typically increases the probability of a breakout to the downside, potentially initiating a continuation of the decline.
Key Technical Notes:
Resistance zone : 85.400
Major Support 84.200
Keep eye on the market how the price will react Keep support with like and comments for more better analysis Thanks.
Trade active
almost in Profit
Join My telegram Channel
t.me/+H8GlkRY1oZVkNTJk
Free Forex Signals
t.me/Asher_Trader01
t.me/+H8GlkRY1oZVkNTJk
Free Forex Signals
t.me/Asher_Trader01
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.
Join My telegram Channel
t.me/+H8GlkRY1oZVkNTJk
Free Forex Signals
t.me/Asher_Trader01
t.me/+H8GlkRY1oZVkNTJk
Free Forex Signals
t.me/Asher_Trader01
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.