NZDJPY, Trendline Breakout

28 Mar

NZDJPY on the daily timeframe indicates a potential bearish trend. The price has recently breached below the trendline support, signaling a probable breakout. This breach suggests a weakening of buying pressure and a potential shift towards selling momentum. As per this analysis, the target for the bearish movement is anticipated to extend towards the psychological level at 88.00. Traders may consider monitoring further price action for confirmation of the downtrend continuation.