Strong Bullish Movement Potential on NZD/JPY
4H CHART EXPLANATION:
Price has been on a strong bearish movement since March, and two weeks ago, it broke the Descending Channel. The Resistance Zone tried to hold the price, and did it for a while, where price did a retracement. Last week this Corrective Structure was broke, and now the are good possibilities of a bullish movement towards the Daily Descending Trendline.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
Price has been on a strong bearish movement since March, and two weeks ago, it broke the Descending Channel. The Resistance Zone tried to hold the price, and did it for a while, where price did a retracement. Last week this Corrective Structure was broke, and now the are good possibilities of a bullish movement towards the Daily Descending Trendline.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly: