NZDJPY → 92.00 - bull run trigger

13 Nov

NZDJPY continues to accumulate pre-breakout potential against 92.000 resistance. Japan's national currency continues to weaken amid inaction from the country's Central Bank and the dollar rally...



On D1 and H1, the structure coincides and generally tells us that the price is ready to go up. Trigger 91.950 - 92.00. If buyers can break this resistance area and hold their defenses above this zone, a quick distribution will not be far behind.
JPY confirms its downward course by breaking support, which generally defines the medium-term potential for us.

Resistance levels: 92.00
Support levels: 91.362

The overall structure will be broken when the support at 91.36 is broken, but there are no hints of that yet. The currency pair does not fall after the false breakdown of resistance, but continues to inflate the potential, which generally confirms the bullish intentions to go higher.

Rate, share your opinion and questions, let's discuss what's going on with ★ NZDJPY ;)

Regards R. Linda!