NZD/JPY: a buy signal already ongoing?

NZD/JPY: a buy signal already ongoing?

NZD/JPY is challenging a demand zone between the 80.96 and 80.43 levels and looks forward to reach new highs in the short-term. However, we shouldn’t forget that the pair has already made a bearish crossover of moving averages, but once it manages to break above the 23.6% Fibo level, we can expect a continuation towards the -23.6% Fibo zone at 83.56.

RSI indicator remains in the positive territory.

NZDJPYmH1.png

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