NZD/JPY WEEKLY TECHNICAL ANALYSIS & SIGNALS

NZDJPY Technical Analysis: Weekly Chart

In the weekly charts, NZDJPY was trading in down channel.

It is trading above all SMA.

The immediate support is 80.1491 & the resistance level is at 84.6540.

NZDJPY was trading in the down channel before the breakout upside.

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 84.2289 & the resistance level is 84.6540.

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 84.5660, TAKE PROFIT AT 84.6540 AND STOP LOSS AT 84.2289

About Author

Related posts

Leave a Reply