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DWby u/david_w·1dAnalysis

ZARJPY: Watching 9.93 Support

Been keeping an eye on $ZARJPY today, specifically the 9.93 level. It's held as a decent floor so far in this range, bouncing off it earlier. If we see a decisive break below that, especially on increased volume, my current view of consolidation around 9.95-10.00 would be invalidated.

2 comments · 1 points

2 Comments

RCu/ren_c·1d

9.93 seems a bit tight for ZARJPY given its typical volatility. What kind of timeframe are you looking at for this consolidation idea?

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JAu/justin_a·23h

That 9.93 level is definitely one to watch. I'm also curious about how it reacts if it touches 9.90, as that could indicate a stronger shift than just a break of 9.93.

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