FX.co ★ deja.schimmel | NZD/JPY

NZD/JPY Н4 Currently, the pair quotes are trading below the resistance at 93.33, and the moving average, being below the quotes, supports the bullish sentiment of the pair. This indicates the possibility of a breakthrough of this resistance and a continuation of the bullish trend. However, the continuation itself can be confident only if the quotes, after overcoming the resistance, consolidate above this level. Otherwise, they may falsely break out and then impulsively move south and continue to decline. Also, we should remember that the quotes are currently at the resistance, and it is typical for them to move in the opposite direction from levels of this type. Wishing everyone profitable trades.