💱 NZDJPY - Resistance Breakthrough. The target is 89.9

2 בנוב׳ 2023

NZDJPY breaks resistance. The market looks interested enough to reach the target of 89.900. The New Zealander is performing well against the Japanese yen.

Prerequisites for growth:
1) A triple bottom is formed in the area of 87.00
2) The price breaks through the next resistance and tries to get a new impulse to open the potencial.
3) Price consolidation above 88.65 will give a buy signal
4) A global range is formed and the price implements a range trading strategy.

Key support: 88.65
Key resistance: 89.9