Hello friends. Here is an analysis on NZDJPY
. As we can see in D1 the pair is going in descending broadening pattern and the pair is respecting every support and resistance
points inside that channel. Currently the pair hit the support line and started going up. One can take a buy call from here. We have also posted another analysis of H1. As per H1 the pair is in descending triangle
pattern and is close to its support level
. Our analysis is that the pair will hit the support line in H1 and then break the triangle pattern
and move upwards.
Let us know your views guys Thank you.