Hello Traders!!
NZDJPY
NZDJPY has been growing within a trend channel which it still has room to rise. Looking on a lower time frame (30m), there is an area of demand which the price has dropped in too that should bring the price up towards the upper boundary of the Trend Channel. JXY is also facing strong pressure on a Weekly Resistance zone which we should see the Yen get weaker.
Target 75.230
Good Luck Traders!!
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NZDJPY
NZDJPY has been growing within a trend channel which it still has room to rise. Looking on a lower time frame (30m), there is an area of demand which the price has dropped in too that should bring the price up towards the upper boundary of the Trend Channel. JXY is also facing strong pressure on a Weekly Resistance zone which we should see the Yen get weaker.
Target 75.230
Good Luck Traders!!
Please share a comment below! I'd love to hear your feed back and analysis. Take a quick moment to click the LIKE button and help support me. Hit the FOLLOW button if you want to see more of these!
