NZDJPY is trading at a pretty strong resistance zone. So, we might see some correction on the downside towards the trend line. One can trade on the short side for a shorter time frame. If a pair comes on the downside, the target will be trendline support.
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Hello friends, here is our analysis on NZDJPY. As we can see that the pair broke from the trade line resistance, retested it and then started going up again. As per our analysis the pair will go till its resistance level. The black line indicates the possible move. Even if we consider the trendline resistance and trendline support it pair broke out from that.
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