ChaosTrader63
Long

NZD vs JPY Bullish Pennant Breakout

FX:NZDJPY   New Zealand Dollar/Japanese Yen
195 0 2
Looking at the NZD vs JPY on the daily time frame we can see that price has just broken out of the bullish pennant pattern which signifies more upward movement from the pair. The pair has just broken out of the support and resistance zone between 79.50 and 80.50 with a strong bullish candle before forming the brief consolidation pattern before moving forwards to the next technical resistance level at 84.50. That's my take on the NZD vs JPY. Have a great trading day and God bless!
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