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30.03.202112:56 Forex Analysis & Reviews: Daily Video Analysis: NZDJPY potential for further upside!

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Today we take a look at NZDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. NZDJPY is facing bullish pressure from 100% Fibonacci extension and 61.8% Fibonacci retracement. There is a chance that prices can push up towards horizontal swing high resistance, in line with 78.6% Fibonacci extension. Prices are also above Ichimoku Cloud, showing a bullish pressure on prices, in line with our analysis.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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