NZD/JPY is moving towards a line of 86.6650 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If NZD/JPY continues in its current trajectory, we may see it move towards 86.6650 within the next 3 days.
Want to get full Autochartist Access including the Autochartist Market Scanner, email reports,Mobile App, and the full Autochartist Web App?
Subscribe here: ChartViper Subscriptions