Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (82.24).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 31.
Take Profits:
TP1= @ 81.21
TP2= @ 80.54
TP3= @ 79.86
TP4= @ 79.00
TP5= @ 78.28
SL: Break Above R2
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