NZD/JPY WEEKLY TECHNICAL ANALYSIS & SIGNALS

forex technical analysis

NZDJPY Technical Analysis: Weekly Chart

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

It is trading above all SMA.

The immediate support is 79.2117 & the resistance level is at 80.9300.

NZDJPY is trading in the up 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 79.7149 & the resistance level is 80.5020.

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 80.4930, TAKE PROFIT AT 80.5020 AND STOP LOSS AT 79.7149

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