NZDJPY is more likely to continue rising.
Technically, the pair broke above 85.300, a level that was supposed to hold buyers from penetrating through.
Since the pair is now trading above this key zone, I expect buyers to continue pushing price and they would be focusing their target at the April 2022 high. The pair has been in a strong uptrend and I don't think buyers would give up now at least until they reach 87.000.
For buy entry I first want to see a rejection from the trendline and strong bullish candles on lower timeframe. If the trendline gets violated to the downside, I will stay away and no trade will be executed.
If you care please support this idea with likes.
Trade smart and trade your plan, this is just an idea remember that!
Technically, the pair broke above 85.300, a level that was supposed to hold buyers from penetrating through.
Since the pair is now trading above this key zone, I expect buyers to continue pushing price and they would be focusing their target at the April 2022 high. The pair has been in a strong uptrend and I don't think buyers would give up now at least until they reach 87.000.
For buy entry I first want to see a rejection from the trendline and strong bullish candles on lower timeframe. If the trendline gets violated to the downside, I will stay away and no trade will be executed.
If you care please support this idea with likes.
Trade smart and trade your plan, this is just an idea remember that!
