NZDJPY long-term support retest

NZDJPY is testing 83.80

 

NZDJPY is testing strong support of 83.80. This is now the most significant downside resistance/upside support and a bounce here or a confirmed break below 83.50 will indicate if the uptrend is over and we are about to see a heavy correction or if this is just an uptrend continuation consolidation.

Note: look for the long trades upon a bounce from 83.70 with the stop loss below 83.50. If you are stopped reverse to short

 

NZDJPY testing the critical support

 

 

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