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Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Your capital is at risk.

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  1. Skilling
  2. Technical Analysis
  3. NZDJPY - psychological price line breached
Technical Analysis

NZDJPY - psychological price line breached

Autochartist6392d24c0f1db60f54bee2ea.png

NZDJPY has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 18 days and suggests a possible target level to be around 87.7492 within the next 3 days.

Not investment advice. Past performance does not guarantee or predict future performance.

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