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NZD/JPY What to Expect by ThinkingAntsOk

New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
ThinkingAntsOk  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis NZD jpy NZDJPY LONG short analysis setup USD dollar
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trendanalysis supportandresistance mtfa nzd jpy nzdjpy long short analysis setup usd dollar
🔸 4H CHART EXPLANATION:
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🔸 Price has been moving on a range for a few weeks.
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🔸 Right now it is facing the Resistance Zone, which was tested multiple times and could not be broken.
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🔸 If price bounces, it has potential to reach the Support Zone again, and, if it breaks to the upside, then it has potential to make an upside move towards the Resistance Zone.
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🔸 Will look for a lower timeframe setup when the scenario is clear.

🔸DAILY CHART ANALYSIS:

snapshot



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