NZDJPY.Bullish Momentum Builds — Pullback or Lift-Off? After breaking above the 89.70 – 88.98 support zone, NZDJPY has entered a sustained bullish structure. Price stabilization above this zone shows strong buyer control, and any correction toward this area may act as a bullish pullback to retest support. 🟩📈
Price is now approaching the 91.94 – 92.33 resistance zone, an area that has shown significant reactions in the past. This level represents the first major challenge for buyers. A clean breakout above this resistance could open the path toward the key weekly resistance at 94.33, which may become the main target for mid-term bulls. 🔥
🎯 Potential Scenarios
1️⃣ Bullish Continuation (Primary Scenario)
If price breaks and holds above 92.33 with strong momentum, NZDJPY is likely to continue its upward trajectory toward higher resistance levels. The market structure remains clearly bullish.
2️⃣ Pullback Toward Support (Corrective Scenario)
If price fails to break the current resistance, a retracement toward the 89.70 – 88.98 support zone becomes likely. Such a correction could provide a new buying opportunity with a higher low formation. 📉➡️📈
⚠️ Risk Disclaimer
This analysis reflects personal opinion only and does not constitute financial advice or a buy/sell signal. Please apply proper risk management and follow your own trading plan. I am not responsible for any potential profits or losses. ⚠️
❓ What Do You Think?
Will NZDJPY break resistance first or drop for a deeper pullback?
Share your thoughts in the comments! 📊💬
