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Strong Bullish Movement Potential on NZD/JPY

Long
Dollar Néo-Zélandais / Yen Japonais (FX:NZDJPY)  
ThinkingAntsOk  
FX:NZDJPY   Dollar Néo-Zélandais / Yen Japonais
Trend Analysis Support and Resistance Multiple Time Frame Analysis NZD jpy NZDJPY LONG
4
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trendanalysis supportandresistance mtfa nzd jpy nzdjpy long
4H CHART EXPLANATION:

Price has been on a strong bearish movement since March, and two weeks ago, it broke the Descending Channel. The Resistance Zone tried to hold the price, and did it for a while, where price did a retracement. Last week this Corrective Structure was broke, and now the are good possibilities of a bullish movement towards the Daily Descending Trendline.


MULTI TIMEFRAME ANALYSIS:

-Daily:

snapshot

-Weekly:

snapshot
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