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FEby u/felixnilsson·1hAnalysis

Thoughts on NZDJPY at these highs, looking for a dip

Watching $NZDJPY today, it's pushed right up to the 94.697 area. For me, that's just testing last week's highs again, and while momentum is certainly with the bulls short-term, I'm not chasing it up here. I'd be looking for a retest of the 94.20-94.30 zone for any long setups with conviction. If we start breaking and holding above 94.75, my bias for a pullback would be invalidated, and it's probably heading towards 95.00+ fairly quickly. But right now, it feels a bit stretched.

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