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forexwithfred

NZD/JPY - Price Approaching Supply Zone With Bullish Momentum

Long
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
forexwithfred  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Chart Patterns Harmonic Patterns NZDJPY nzdjpyidea nzdjpylong correction Bullish Patterns
9
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trendanalysis chartpattern harmonicpatterns nzdjpy nzdjpyidea nzdjpylong correction bullish
  • Price has made a push past respected resistance @64.758 with strong momentum, indicating a reversal of bearish trend prior

  • Bullish EMA cross occured, adding confluence to bullish bias

  • Will wait for a corrective phase before looking to BUY this pair

  • JXY, Japanese Yen index is showing long term weakness
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