NZDJPY Buy Setups
Based on my technical analysis I have identified potential buying opportunities for the NZD/JPY currency pair. These opportunities arise after observing a Break of Structure on the daily time frame which signifies a significant shift in market dynamics. Additionally this break aligns with an institutional round number of 86.700 which often acts as a significant support or resistance level.
Furthermore on the 4-hour timeframe there is a bullish order block that further strengthens the likelihood of an upward movement in price. This order block suggests that there is a cluster of buy orders accumulated at a specific price level which could potentially fuel a bullish momentum.
Overall the combination of the Break of Structure on the daily timeframe in conjunction with the institutional round number at 86.700 and the presence of a bullish order block on the 4-hour timeframe indicates several compelling buy setups for the NZD/JPY currency pair.
Furthermore on the 4-hour timeframe there is a bullish order block that further strengthens the likelihood of an upward movement in price. This order block suggests that there is a cluster of buy orders accumulated at a specific price level which could potentially fuel a bullish momentum.
Overall the combination of the Break of Structure on the daily timeframe in conjunction with the institutional round number at 86.700 and the presence of a bullish order block on the 4-hour timeframe indicates several compelling buy setups for the NZD/JPY currency pair.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.