NZD/JPY WEEKLY SCENARIO – 09 MARCH 2022

forex technical analysis

NZDJPY Technical Analysis: Weekly Chart

In the weekly charts, NZDJPY is trading in a down channel.

It is trading above all SMA.

The immediate support is 78.6162 & the resistance level is at 80.1404.

NZDJPY is trading in the down channel until there is a trend reversal.

NZDJPY Technical Analysis: Daily Chart

In the daily charts, NZDJPY is trading in an up channel.

It is trading above all SMA.

The immediate support is 78.9052 & the resistance level is 79.5704.

NZDJPY is trading in the up channel until there is a trend reversal. 

How to Trade NZDJPY this Week:

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

TRADE SUGGESTION- BUY AT 79.2670, TAKE PROFIT AT 79.5704 AND STOP LOSS AT 78.9052

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