The NZD/JPY currency pair is currently showing signs of continued bullish momentum. This outlook is supported by the presence of an ascending trendline, indicating strong upward structure in the current market.
Additionally, the formation of a double bottom pattern strengthens the bullish case, signaling a potential continuation to the upside. As long as the price stays above key support and faces no major rejection at resistance, the bullish scenario remains valid.
Recommendation:
- Buy NZD/JPY
- Entry: 87.240
- Take Profit 1: 87.640
- Take Profit 2: 88.040
- Stop Loss: 86.840
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