NZDJPY Structure false to down side

14 May

NZDJPY Technical Analysis:

The NZDJPY is currently testing a key resistance zone within the context of a broader global downtrend. Despite recent bullish attempts, the pair does not yet appear ready to sustain upward momentum, suggesting a potential local reversal pattern may be forming.

Resistance Zone: Price is struggling to break convincingly above the 88.500 level, indicating this area may act as a strong supply zone.

Support Levels to Watch:
First key support: 85.000
Second Key support: 84.000

Outlook: If the price fails to hold above 88.500 and confirms the reversal pattern, a decline toward 85.000 and potentially 84.000 could follow in line with the prevailing downtrend.

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15 May

İşlem aktif

soon we get First Target

16 May

İşlem kapandı: hedefe ulaştı