NZDJPY pulled back to the 61.8 area on H4 and since pushed up a bit. I see 2 possibilities for this week.
1) Price can break above the minor resistance area and push higher.
2) Price can respect 1HR downtrend structure and price can head lower from where it sits now.
1) Price can break above the minor resistance area and push higher.
2) Price can respect 1HR downtrend structure and price can head lower from where it sits now.
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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.