The NZD/JPY cross rebounds around 80-85 pips from a one-week trough touched during the Asian session on Wednesday and touches a fresh daily high
Sentiment is: Negative
Technical Analysis
NZD/JPY has broken through a support line. It has touched this line numerous times in the last 14 days. This breakout shows a potential move to 85.1795 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
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