NZD/JPY Technical analysis
As we suggested earlier, the NZD/JPY pair has made a long term breakout from the descending triangle pattern in its weekly chart.
We expect the pair to retest its broken support.
Also the pair has formed a bullish crab pattern in the 4-hour chart and is finding support at the price zone of 72.400.
Hence we expect the pair to bullish move for the short term but the long term trend is still intact.
We expect the pair to retest its broken support.
Also the pair has formed a bullish crab pattern in the 4-hour chart and is finding support at the price zone of 72.400.
Hence we expect the pair to bullish move for the short term but the long term trend is still intact.
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Achieved first target