NZDJPY has given a good breakout from long term channel pattern and now it is at the resistance 1, which is a very crucial level for further trend extension. If it breaks out at resistance 1, there is more upside movement left in NZDJPY. If it fails to break out at resistance 1, then we might see, a downside towards support 1 and support 2. One can trade for the long side with proper risk management and stop loss.

Thanks

Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.