1
Thoughts on $NZDJPY and its 95.00 resistance
Been watching $NZDJPY pretty closely this week. That 95.00 level is proving to be a real sticky spot. We’ve bumped up against it a few times now, currently around 94.818, but no sustained break higher. To me, it looks like a clear supply zone. If we get a clean break and hold above 95.00, then the technical picture shifts, and I'd reconsider, but until then, I'm eyeing potential reversals or at least a consolidation phase. The risk here, obviously, is a strong push through that level, invalidating the current resistance idea entirely. Just my two cents, always open to differing views.
0 comments · 1 points