NZD/JPY is moving very technically. On September 11th we saw a strong rebound from the well-established and often respected upward trend line. Since then the price has grown significantly. Yesterday was a small correction during one session, hence the long upper shadow of this candle. Today from the very morning, the price is rising again. It seems likely to be attacking yesterday’s high. Breaking it would also mean breaking local resistance. If this happens, the pair should head to a key, over 3 year old, resistance in vicinity of 83.70.
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