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New Zealand Dollar / Japanese Yen
Long

NZDJPY: Very Bullish Setup 🇳🇿🇯🇵

By VasilyTrader
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Hey traders,

NZDJPY was consolidating within a wide horizontal trading range on a daily for 3 weeks.
This week, its resistance was broken with a high momentum bullish candle.

Taking into consideration, that the pair is trading in a long-term bullish trend,
the breakout may push the price higher.

Next resistances: 86.16 / 87.65

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Candlestick AnalysisForexjapaneseyennewzealanddollarNZDNZDJPYParallel ChannelRectangleTechnical Analysistradingyen
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