NZD/JPY Bullish Consolidation

The NZD/JPY is supported above 78.00. We should see a move above 78.00 – M L3 if momentum persists.

The NZD/JPY is supported above 78.00. We should see a move above 78.00 – M L3 if momentum persists.

If the market retains positive momentum above 78.00. We should see a move higher. We can see that the trend has changed to bullish and the price action shows a potential up move. Targets are 79.63 and 80.61. If the price drops below 77.85 then we will see Q L3 pivot hit which is bearish for the pair.

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