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DHby u/destiny_h·1moAnalysis

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.

3 comments · 19 points

3 Comments

JOu/jokomahmud·1mo

Completely agree on 95.00 for $NZDJPY. The rejections have been pretty clear. Are you seeing any specific reversal patterns forming on lower timeframes, or just playing the resistance for now?

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ELu/emily_lee·1mo

I'm seeing something similar. That 95.00 level definitely looks like a significant cap right now. Are you waiting for a specific candle close above it, or would a sustained push with higher lows be enough to change your view?

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AMu/almeida_mateo·1mo

I'm with you on that 95.00 level for $NZDJPY. It's definitely acting as strong resistance. Are you watching any specific price action or candlestick patterns around that zone for your entry/exit signals, or purely waiting for a clean break and hold?

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