. NZD/JPY Price Forecast & Technical Analysis - 03 January 2023

NZD/JPY Price Forecast & Technical Analysis – 03 January 2023

NZD/JPY Price Forecast & Technical Analysis – 03 January 2023

03 Jan 2023

NZDJPY Technical Analysis: Weekly Chart

In the weekly charts, NZDJPY is trading in an up channel. NZDJPY is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 85.5000 the resistance level is at 87.1000

 NZDJPY Index will trade in an up channel until there is a trend reversal. 

NZDJPY Technical Analysis: Daily Chart

In the daily charts, NZDJPY is trading in an up channel. NZDJPY is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 85.5000 the resistance level is at 87.1000

NZDJPY will trade in an up channel until there is a trend reversal.   

How to Trade NZDJPY this Week:

NZDJPY will follow the uptrend until its trend reversal. So, remain bullish on NZDJPY.

TRADE SUGGESTION- BUY AT 86.5449, TAKE PROFIT AT 87.1000 AND STOP LOSS AT 85.5000