NZD/JPY reaching support

8 thg 6, 2019

The price broke the downwards trend and started pushing upwards, creating small channel. The price is trying to keep and respect the channel, so its obviously that the price should move little bit to the down, reaching the support line of the channel. Then its going to move upwards, reaching for the main target, the main resist level, and the next move will be approved after touching the resist and the movement created around the same resist. All of this is confirmed by the PP and their place on the chart !
Good luck.
Leave a comment below !