NZDJPY is struggling with what it wants to do. I see two main possibilities for next week.
1) We break through the resistance and head higher to the weekly ascending trendline.
2) We break under the support and minor trendline, possible 1-2-3 correction for the downside back to the bottom of the daily ascending trendline.
1) We break through the resistance and head higher to the weekly ascending trendline.
2) We break under the support and minor trendline, possible 1-2-3 correction for the downside back to the bottom of the daily ascending trendline.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.