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The NZD/JPY pair jumped higher and now is trading at 84.38. As you can see on the H1 chart, the rate moved sideways above 83.61 confirming this level as a downside obstacle. The uptrend line represents a downside obstacle as well. So, as long as it stays above these levels, the currency pair should resume its growth.
The next upside target is represented by the 84.96 level (former high / historical level). As you can see on the H1 chart, the rate moved somehow sideways between 81.16 and 84.96. Staying near 84.96 could announce an upside breakout from this range.
Testing and retesting 83.61 signaled an upside momentum. Passing and stabilizing above the 84.96 activates further growth and represents a buying opportunity.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
