NZDJPY a potential re-test ?

2023년 6월 18일

Hello traders, we can see that the NZDJPY failed to follow the downward divergence last week and we can see that there is a second diversion on the 1-hour timeframe which may indicate weakness in the bullish movement or at least a probable re-test of the previous resistance, and get support from there.

Looking at the 4 hours timeframe we can see that the price has reached a tough resistance area and broke through it, wait for any signs after re-testing that "broken resistance line'.

BE CAREFUL with the news on June 22 on the JPY ( inflation rate )

Keep it up, and trade safely