NZDJPY is coming off of a very bearish week last week. Price action is currently operating in a monthly support zone which has been testing multiple times. This level in BROWN is an area that I will be looking for possible long trades this week.
Monthly Support Zone- (59.446-62.944)
On the other side of the market, we also have a level which is the daily resistance that I am looking at for a possible trend continuation trade to the short side. So, if this market decides to head higher, then the most previous level of resistance for this market in the GREEN area on the chart will be a level that I look for short trades out of this week.
Daily Resistane Zone- (67.608-68.308)
Monthly Support Zone- (59.446-62.944)
On the other side of the market, we also have a level which is the daily resistance that I am looking at for a possible trend continuation trade to the short side. So, if this market decides to head higher, then the most previous level of resistance for this market in the GREEN area on the chart will be a level that I look for short trades out of this week.
Daily Resistane Zone- (67.608-68.308)