NZDJPY LONG
Why the Setup Could Be Bullish:
Technical Confluence: Multiple support levels, the golden ratio (0.618), and proximity to resistance levels set the stage for an upward move.
Rejection of Lower Levels: Repeated failures to break below support suggest strong buying interest.
Potential Trigger: A breakout above 87.994 could act as a trigger, with an initial target near 88.730 and further gains towards 89.495.
Technical Confluence: Multiple support levels, the golden ratio (0.618), and proximity to resistance levels set the stage for an upward move.
Rejection of Lower Levels: Repeated failures to break below support suggest strong buying interest.
Potential Trigger: A breakout above 87.994 could act as a trigger, with an initial target near 88.730 and further gains towards 89.495.
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