The NZD/JPY currency pair is currently showing signs of bullish continuation. This outlook is supported by the formation of a bullish chart pattern, indicating that the market is building a price structure favorable to further upward movement.
In addition, the appearance of a swing low provides further confirmation that buying pressure is strengthening, increasing the potential for a move toward the next resistance levels. As long as the price remains above support, the bullish scenario remains valid.
Recommendation:
- Buy NZD/JPY
- Entry: 88.400
- Take Profit 1: 88.800
- Take Profit 2: 89.200
- Stop Loss: 88.000
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