NZD/JPY meets daily resistance and the focus is on a correction. NZD/JPY bears are seeking an optimal entry from the lower time frames. The bird has taken flight mostly on the back of the greenback and the Aussie dynamics which exposes it to a downside correction, both technically and fundamentally. the following illustrates that the price is meeting resistance on the daily chart and is potentially due for a correction to prior resistance. NZD/JPY daily chart 30-min chart Bears will be looking to engage with the cross from a lower time frame and from a vantage pout where the structure is currently holding up the correction. On a break below the congestion, aka, the bar room brawl, the bears can look for an optimal entry to target the daily support structure. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD eases from the key resistance below $1,800 FX Street 2 years NZD/JPY meets daily resistance and the focus is on a correction. NZD/JPY bears are seeking an optimal entry from the lower time frames. The bird has taken flight mostly on the back of the greenback and the Aussie dynamics which exposes it to a downside correction, both technically and fundamentally. the following illustrates that the price is meeting resistance on the daily chart and is potentially due for a correction to prior resistance. NZD/JPY daily chart 30-min chart Bears will be looking to engage with the cross from a lower time frame and from a vantage pout where… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
