FxWirePro
Long

NZD/JPY breaks stiff resistance at 73.80, targets 74.70

FX:NZDJPY   New Zealand Dollar/Japanese Yen
116 0 7
NZD/JPY extending upside after slight gap down open on the day following poor Chinese data over the weekend.

The pair has broken minor trendline resistance at 73.75 on the hourly charts, and has broken next stiff resistance at 73.80 (200-SMA and trendline ).

Intraday bias remains higher. Breaks above 73.80 will find next major resistance at 74.20 ( trendline ) ahead of 74.70.

On the downside supports are seen at 73.66 (10-DMA), 73.31 (session lows) and then 73.20 (Feb 11th lows).

Good to go long on breakout above 73.80, SL: 73.30, TP: 74/74.20/74.70
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out