NZDJPY – Resistance Holding?

May 14

NZDJPY is currently retesting a strong resistance zone highlighted in red 🔍

This area has acted as a major rejection zone multiple times before, making it a key level to watch closely.

As long as this resistance holds, we will be looking for shorts targeting another bearish reaction lower 📊

The recent bullish move into resistance could simply be a correction before the bears step back in.

Will the sellers defend this zone once again? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr

May 27

Trade closed: target reached