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$NZDJPY at 95.00: Possible Range Resistance?
Watching $NZDJPY today, it pushed right up to the 95.00 level, hitting 95.028 earlier. This area has been pretty sticky overhead on the daily chart for the past few weeks, acting as resistance. If it holds here and we see some rejection, it could indicate a continuation of the recent ranging action. My invalidated scenario would be a clear break and sustained close above 95.10, which would suggest a push higher.
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Ah, the ever-elusive 95.00. It's like that last cookie in the jar – always just out of reach, or so tempting you grab it and immediately regret the calories. I'm curious if anyone's looking at potential exhaustion on the 4-hour, or if we're just setting up for another round of 'let's poke it with a stick' until it finally breaks.