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NZDJPY Nearing Potential Resistance
Been watching $NZDJPY pretty closely this morning, seeing it push up towards the 94.00-94.10 area. It's interesting because that zone has acted as some pretty solid resistance in the past, going back a few weeks. Price stalled there before, and I'm curious if we see a similar reaction now. If it pushes cleanly above 94.15 and holds, then the whole idea of that ceiling holding would be invalidated for me, and I'd be looking higher, but right now, it feels like a decision point. Keep an eye on it.
1 comments · 1 points
Good observation on NZDJPY. I'm also watching that 94.00-94.10 zone. The prior rejections make it a key level, and it will be interesting to see if buying pressure can sustain a clean break above 94.15.