NZD/JPY Double Top at Major Resistance — Bearish Reversal Ahead?
NZD/JPY is showing signs of a potential bearish reversal after failing to break above the 95.40–95.46 resistance zone for a second time.
The price action resembles a double-top formation, while momentum indicators are also weakening:
RSI has turned lower after approaching overbought territory.
MACD has formed a bearish crossover and momentum continues to fade.
Price remains rejected beneath the key resistance area.
Trade idea
Entry: 94.55
Target 1: 94.07
Target 2: 93.21
Target 3: 91.96
Invalidation: Above 95.46
The pattern is not fully confirmed yet. A decisive break below the 94.07 neckline area would strengthen the bearish scenario and could open the way toward the lower targets.
This is a technical analysis idea for educational purposes only, not financial advice. What do you think—will the double top be confirmed, or can NZD/JPY break through resistance?
The price action resembles a double-top formation, while momentum indicators are also weakening:
RSI has turned lower after approaching overbought territory.
MACD has formed a bearish crossover and momentum continues to fade.
Price remains rejected beneath the key resistance area.
Trade idea
Entry: 94.55
Target 1: 94.07
Target 2: 93.21
Target 3: 91.96
Invalidation: Above 95.46
The pattern is not fully confirmed yet. A decisive break below the 94.07 neckline area would strengthen the bearish scenario and could open the way toward the lower targets.
This is a technical analysis idea for educational purposes only, not financial advice. What do you think—will the double top be confirmed, or can NZD/JPY break through resistance?
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More setups, updates & documented results:
Join my free FBMR Trading Telegram channel:
t.me/+5MMyc0_HQ9M3OGU0
📊 247 Closed Ideas | 192 Profitable | 78.05% Historical Success Rate so far
Join my free FBMR Trading Telegram channel:
t.me/+5MMyc0_HQ9M3OGU0
📊 247 Closed Ideas | 192 Profitable | 78.05% Historical Success Rate so far
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.