nzdjpy longif we look on the daily chart it look like invented head and shoulder patern, the price is currently on the demand area and 50% of fibonacci retracement which has moving price upward once (marked with number 4) and now the price is rejected upward from the same demand area on the 4 hours chart, the price close below trendline and moving up again and close above it, and its look like an invented head and shoulders pattern. so, we expect the price will go continue moving upward.
for another reference you can check on the link below. thank you.
