NZDJPY Daily S/R| .382 Fibonacci| Volume Influx| Price Action

Evening Traders,

Today’s analysis – NZDUSD- impulse breaks above Daily S/R, confirming an S/R Flip Retest is critical for uptrend momentum.

Points to consider,
- Price Action Impulsive
- Daily S/R Support (.382 Fibonacci Confluence)
- Swing High Objective
- Range High Target
- RSI Bullish Control Zone
- Valid Volume Influx

NZDJPY’s immediate price action is bullish above Daily S/R, holding this level allows us to have a bullish bias on the market,

The Daily S/R is support that is in confluence with the .382 Fibonacci, price action respecting this level will deem acceptance above.

Swing high is immediate objective, clearing this level will make the immediate target upper Daily S/R Resistance.

The RSI is in its respective bullish control zone, again maintaining this region is critical for price action strength.

There is a valid volume climx indicating a true break of a level, follow through is needed for continued strength in price action.

Overall, in my opinion, NZDJPY is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps!

Thank you for following my work

And remember,

“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee