NZDJPY - Heavy Resistance or Inverse H&S Neckline
Like GBPNZD, NZDJPY is a pair that is meeting considerable Kiwi resistance.
Here, the combination of a frequented pivot (played support and resistance), 200-day moving average and 50% Fib set a ceiling between 83.50 and 84.
The RBNZ will have a big say in whether this upswing stalls or extends to a lasting break.
I spoke about this setup and others in my weekend video:
beta.dailyfx.co...-Highlight.html?utm_source...
Here, the combination of a frequented pivot (played support and resistance), 200-day moving average and 50% Fib set a ceiling between 83.50 and 84.
The RBNZ will have a big say in whether this upswing stalls or extends to a lasting break.
I spoke about this setup and others in my weekend video:
beta.dailyfx.co...-Highlight.html?utm_source...