FX:NZDJPY
As seen on the chart on the 4hr time frame we can see former support turn to new resistance as price is retesting that area again and we could anticipate that price could continue to push back up and we could find our entries and continue to trade with the trend.
but if price breaks below 84.083 then we can say that price is now bearish
What do...
GBPJPY looks quite set for a corrective decline. 144.15 is the year open. A daily close below this level should have 140.00 and 139.00 as magnetic attraction zone. Reckon that the bigger picture remain bullish towards 164.00 region. But for the month, 140-139.00 is the level to watch on a corrective decline. 145.50 invalidates bias.
