JohnKicklighter

NZDJPY - Heavy Resistance or Inverse H&S Neckline

FX:NZDJPY   New Zealand Dollar / Japanese Yen
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Like GBPNZD , NZDJPY is a pair that is meeting considerable Kiwi resistance.

Here, the combination of a frequented pivot (played support and resistance ), 200-day moving average and 50% Fib set a ceiling between 83.50 and 84.

The RBNZ will have a big say in whether this upswing stalls or extends to a lasting break.

I spoke about this setup and others in my weekend video:
https://beta.dailyfx.com/forex/video/dai...
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