Analyzing NZD/JPY: Resistance and Support Levels
Hello Everyone,
Long-term, NZD/JPY appears favorable for buying, with a significant resistance anticipated around 95.215. If the price manages to hold firm at this level, it could signal potential for further upward movement. Currently, there's increased selling pressure in anticipation of a bearish shift. However, the price is currently positioned above the strong monthly resistance point at 91.682, which has acted as a reliable support level.
TradeWithTheTrend3344
Long-term, NZD/JPY appears favorable for buying, with a significant resistance anticipated around 95.215. If the price manages to hold firm at this level, it could signal potential for further upward movement. Currently, there's increased selling pressure in anticipation of a bearish shift. However, the price is currently positioned above the strong monthly resistance point at 91.682, which has acted as a reliable support level.
TradeWithTheTrend3344