The NZD/JPY currency pair is currently expected to move higher. This bullish outlook is supported by the formation of a double bottom pattern, which indicates potential upward reversal.
In addition, the upward-sloping trendline further strengthens the bullish sentiment, suggesting that the potential for price appreciation remains high in the near term.
Recommendation:
- Buy NZD/JPY
- Entry: 87.590
- Take Profit: 87.971
- Stop Loss: 87.310
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
The best investment is an investment in knowledge. Start your journey to trading success with a Masterclass Trading Webinar every Friday. Join now!