NZD/JPY bulls stepping in at support for prospects of daily upside extension. Restest of hourly structure presumed to hold and equate to daily bullish momentum. As per the start of the week’s, Watchlist: A busy week ahead for forex and gold on the charts, NZD/JPY moved in on the initial downside target and has since established a bullish prospect in the process. Prior analysis, daily chart This is jolted the NZD/JPY cross lower towards a support target which would be expected to hold and result in a fresh bullish impulse as follows: Live market, daily chart As illustrated, the price has reached the support target and would now be expected to move higher and break the overhead resistance. Bulls can look for an optimal entry on the lower time frame, such as the 1-hour chart: Bulls can expect the price to take out the near-term resistance and presume that it will act as support on a re-test. Meanwhile, there are also bullish prospects for NZD/USD: NZD/USD Price Analysis: Bulls defending the 38.2% Fibo support 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 EUR/USD Price Analysis: Bulls need to cross 1.2060 to keep the reins FX Street 2 years NZD/JPY bulls stepping in at support for prospects of daily upside extension. Restest of hourly structure presumed to hold and equate to daily bullish momentum. As per the start of the week's, Watchlist: A busy week ahead for forex and gold on the charts, NZD/JPY moved in on the initial downside target and has since established a bullish prospect in the process. Prior analysis, daily chart This is jolted the NZD/JPY cross lower towards a support target which would be expected to hold and result in a fresh bullish impulse as follows: Live market, daily chart As illustrated,… 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.
