{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzd-jpy-upside-needs-confirmation\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzd-jpy-upside-needs-confirmation\/","headline":"NZD\/JPY Upside Needs Confirmation!","name":"NZD\/JPY Upside Needs Confirmation!","description":"The NZD\/JPY pair is still undecided in the short term. It moves somehow sideways but the buyers don\u2019t have enough power to push the rate towards new highs. The Japanese Yen Futures rebounded, so the Yen could still try to appreciate. From the technical point of view, NZD\/JPY signaled that the downside movement is over […]","datePublished":"2021-11-19","dateModified":"2021-11-19","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/11\/NZDJPY_2021-11-18_17-25-01.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/11\/NZDJPY_2021-11-18_17-25-01.png","height":868,"width":1834},"url":"https:\/\/forexschoolonline.com\/nzd-jpy-upside-needs-confirmation\/","about":["NZD\/JPY"],"wordCount":220,"keywords":["Forex","forex price action","NZD\/JPY","Technical Analysis"],"articleBody":"The NZD\/JPY pair is still undecided in the short term. It moves somehow sideways but the buyers don\u2019t have enough power to push the rate towards new highs. The Japanese Yen Futures rebounded, so the Yen could still try to appreciate.From the technical point of view, NZD\/JPY signaled that the downside movement is over and that the buyers could take the lead. Still, in the short term, the currency pair reached a strong upside obstacle, so we\u2019ll have to wait for a fresh trading opportunity before taking action.NZD\/JPY Technical Analysis!NZD\/JPY failed once again to take out the weekly pivot point (80.49) level. It has registered another false breakout continuing to stay under the downtrend line. It\u2019s traded in the red atr 80.18. Now is retesting the 150% Fibonacci line of the descending pitchfork.After escaping from the descending pitchfork\u2019s body and from the Falling Wedge pattern, NZD\/JPY was somehow expected to develop a new leg higher. Technically, a valid breakout through the downtrend line\u00a0 and above the pivot point, a new higher high, could activate a fresh swing higher. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}