NZDJPY: How to play!
I have outlined the key areas for the pair in my view. Where i can play between these levels to the up and downside side.
One potential scenario is that we approach the major support level shaded in blue starting from 76.10 to 75.60 region. I would look to long around there with lower time frame bullish setup as confirmation.
If we get a break below that support would likely signal more to the downside towards at least 73.70, then 72.40.
Another possible scenario is we head higher towards the shaded in red resistance area,i will be watching that resistance for a short position.
Best
Technician
One potential scenario is that we approach the major support level shaded in blue starting from 76.10 to 75.60 region. I would look to long around there with lower time frame bullish setup as confirmation.
If we get a break below that support would likely signal more to the downside towards at least 73.70, then 72.40.
Another possible scenario is we head higher towards the shaded in red resistance area,i will be watching that resistance for a short position.
Best
Technician
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