Thursday market analysis: NZD/JPY

Hello traders

let’s see what the market has for us:

 

1. NZD/JPY

New Zealand dollar vs Japanese Yen

Since last year December the bulls have been bullied by the key resistance zone and the 200 ma on the NZD/JPY

That said, buyers have been gathering momentum for over month now, and today we can see a clean breakout of the key resistance zone and 200 ma.

Well, before we get ahead of ourselves, it will be wise to wait for the daily close in order to authenticate the breakout before joining the buyers to the NPRZ

 

What say you?

 

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