NZD/JPY – Corrective Pullback Into Short-Term Key Resistance
|Price Action Context
Following the break of the 66.60 short-term support and the 500+ pip gap & flash crash lower, price has been pulling back towards the broken key support in a corrective fashion which so far has held as resistance on the first re-test.
Trending Analysis
Bearish bias and weak pullbacks into the broken support, now acting as resistance can offer potential shorting opportunities with 63.50 and 61.50 being the closest areas of support to look out for.
Long-Term Key Support & Resistance Zones
Resistance: 66.30 – 66.75
Support: 63.15 – 64.00
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