NZD/JPY Outlook (28 June 2022)
Atualizado
The NZDJPY sits just above the 85.00 level, looking at it on a purely technical basis, it as both an upside and downside potential, as we wait for price to react to this level.
However, with anticipating for the NZDUSD to move lower, on the back of a weaker NZD and the corresponding chart pattern, this is likely to imply that for the NZDJPY the downside potential could be more likely.
Look for price to break below the 85.00 level a selling opportunity is confirmed. With take profit placed at near term support 84.50 or longer term support at 83.60.
However, with anticipating for the NZDUSD to move lower, on the back of a weaker NZD and the corresponding chart pattern, this is likely to imply that for the NZDJPY the downside potential could be more likely.
Look for price to break below the 85.00 level a selling opportunity is confirmed. With take profit placed at near term support 84.50 or longer term support at 83.60.
Trade fechado: objetivo atingido
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