NZDJPY Daily Chart : Bullish Bias Above 80.00.
Pivot: 80.00
Preference: long positions above 80.00 with targets at 83.80 & 86.00 in extension.
Alternative scenario: below 80.00 look for further downside with 78.90 & 77.50 as targets.
Comment: a support base at 80.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
87.80
86.00
83.80
81.50 Last
80.00
78.90
77.50
Preference: long positions above 80.00 with targets at 83.80 & 86.00 in extension.
Alternative scenario: below 80.00 look for further downside with 78.90 & 77.50 as targets.
Comment: a support base at 80.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
87.80
86.00
83.80
81.50 Last
80.00
78.90
77.50