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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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
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
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.