NZDJPY: Breakout or fakeout around 95.00?

asked by u/amensah · 13d · 2 answers

It's interesting to see $NZDJPY pushing up against the 95.00 level again, currently at 94.88833. We've seen it test this area a few times recently and pull back. The daily high so far is 95.021, but it hasn't held strongly. I'm curious if anyone else is watching this for a potential breakout or if this is just another test before a rejection.

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  • u/jelena.marinescu· 1 pts· 13d

    I'm definitely watching it too. The multiple rejections around that level make me cautious about calling a breakout, but a convincing close above 95.00 on the daily would change my tune. Are you seeing any higher time frame resistance confluence there as well?

  • u/risk_first_nadia· 1 pts· 13d

    Given the history around 95.00, it's hard to get too excited about a minor push above it. We've seen this play out before, often ending in a retrace. What would you need to see for confirmation that this time is different?

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