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$NZDJPY at resistance, possible double top formation
Watching $NZDJPY carefully around this 94.80-94.90 area. It's pushed up to what looks like a significant resistance level multiple times over the last few sessions, and the most recent push stalled right around 94.89. If it can't clear this level decisively and starts to roll over, we might be looking at a double top scenario forming on the hourly or four-hour charts. Of course, a clean break above 94.90 would invalidate that idea and suggest further upside, potentially towards 95.50.
1 comments · 1 points
While it's at resistance, waiting for confirmation of a double top is key. Often these patterns need a clear break of the neckline to be valid, not just a failure at the resistance level itself.