Our technical analysis of NZDJPY is still in play. The pair has been in a downtrend for the past few months and has recently reached a Supply Zone (SZ) at 86.60 on the 15-hour chart. This SZ suggests that there is strong selling pressure at this level, and it is likely that the pair will continue to decline. The next resistance level is at 86.80, and if this level is respected, then we have a huge opportunity to capitalize on this downside pressure.
Resistance @ 86.80
Supply Zone @ 86.60
SSO2 @ 86.15 📉
SSO1 @ 85.15 📉
TP1 @ 84.35 (shaving 25%)
TP2 @ 83.66 (shaving 50%)
TP3 @ 82.33 (closing ALL Sell Orders)
BLO1 @ 82.00
BLO2 @ 81.25
-SL @ 80.85 🚫
Resistance @ 86.80
Supply Zone @ 86.60
SSO2 @ 86.15 📉
SSO1 @ 85.15 📉
TP1 @ 84.35 (shaving 25%)
TP2 @ 83.66 (shaving 50%)
TP3 @ 82.33 (closing ALL Sell Orders)
BLO1 @ 82.00
BLO2 @ 81.25
-SL @ 80.85 🚫
Professor C. E. Ward
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Professor C. E. Ward
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.