NZDJPY: Descending channel - Very Risky
NZDJPY: Descending channel - Very Risky
Price completed a "Descending Channel" and so far we can also see a bullish breakout.
It is very risky as forecast because JPY pairs are moving these days anyway
it can work well as it is in line with the big trend.
Strong resistance zones will be found near 91.55 and 91.75
Do your work before initiating any trade!
You may find further details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Price completed a "Descending Channel" and so far we can also see a bullish breakout.
It is very risky as forecast because JPY pairs are moving these days anyway
it can work well as it is in line with the big trend.
Strong resistance zones will be found near 91.55 and 91.75
Do your work before initiating any trade!
You may find further details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached:
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