NZDJPY: WEEKLY SCENARIO – 15 February 2022

Technical Analysis

NZDJPY Technical Analysis: Weekly Chart

NZDJPY Technical Analysis

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

It is trading above 100 days SMA & below 20 and 50 days SMA.

The immediate support is 75.9728 & the resistance level is at 77.2594.

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

NZDJPY Technical Analysis: Daily Chart

NZDJPY Technical Analysis

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

It is trading above 20 days SMA & below 50 and 100 days SMA.

The immediate support is 76.2267 & the resistance level is 76.8563.

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

How to Trade NZDJPY this Week:

NZDJPY will follow the downtrend until their trend reversal. So, remain bearish on NZDJPY.

TRADE SUGGESTION- SELL AT 76.532, TAKE PROFIT AT 76.210 AND STOP-LOSS AT 76.856

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