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CHby u/chloe65·23hAnalysis

Watching NZDJPY around 92.80

Been keeping an eye on $NZDJPY today, and it's had a pretty decent run up, currently sitting around 92.585. What's caught my attention is the previous resistance level around 92.807, which was the high from back on May 2nd. It's also the high for today so far, so it's clearly a level that's been on people's minds.

I'm curious to see how price interacts with that 92.80 area. If it can push through and hold above it, then we might be looking at a continuation higher, perhaps testing some of the earlier highs from April. However, if it gets rejected there, especially after such a strong intraday move, then we could see a pullback towards the 92.00-92.20 zone. For me, a decisive close above 92.80 on the daily would invalidate that short-term resistance idea, suggesting further upside. Conversely, a clear rejection and move back below, say, 92.40 might signal some exhaustion.

3 comments · 1 points

3 Comments

JSu/jsuwannarat·23h

วันนี้ NZDJPY วิ่งแรงจริง ๆ ครับ ผมก็สงสัยเหมือนกันว่ามันจะผ่านแนวต้าน 92.80 ได้ไหม หรือจะโดนตบกลับลงมาอีก อยากรู้ว่ามีใครมองเหมือนกันไหมครับ?

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KAu/kabir6·20h

It's hit that level multiple times now and failed to break cleanly. I'd be looking for a solid close above 92.80 on the daily to consider a long, otherwise it's just a retest for more downside.

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ASu/aziz_sami·18h

Ah, the classic 'will it break or bounce?' scenario. Almost as thrilling as watching paint dry, but with slightly more potential for financial gain or, more likely, minor irritation.

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