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1H Analysis on NZDJPY

Diupdate

Hello traders. On this 1H analysis of NZDJPY, we have a falling wedge setup with a support level within the buy zone identified. There is good rejection from the support level and this area would be a good entry point for a long position. A good place where price may go next would be to the resistance level in the 83.800 region. A SL should be appropriately placed below the buy zone identified.

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Price came pretty closer to the projected target

Catatan

Price eventually broke pass the projected target but not before coming close to our SL.

javonjrb

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