NZDJPY has reached crucial resistance

Our pair reached the most significant resistance level after 2 weeks of strong bullish power. I expect strong rejections on the zone and retracement to the closest to us Fibonacci level which is 38.2%.

After that, our next target would clearly be the 70.xx psychological level, which includes high volatility.

İşlem kapandı: hedefe ulaştı:

First target reached. Sentiment remains short.