NZD/JPY, Exhaustion or Change of Trend?
This pair is on a very bullish trend since the December 2020. However, on the 4H time frame we found that this pair has breakout from its bullish trendline. Was it an exhaustion or a change of trend?
Currently price is consolidating on is bullish trendline and major resistance from 2019.
Need more confirmation before we can enter on Long trade. If the price keeps pushing downward then we can enter the opposite.
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Currently price is consolidating on is bullish trendline and major resistance from 2019.
Need more confirmation before we can enter on Long trade. If the price keeps pushing downward then we can enter the opposite.
Drop your likes or follow us if you find this analysis helpful. Thanks!
Disclaimer ON