Future outlook and key indicators
The NZDJPY currency pair has recently undergone a bullish wave, but is now approaching a resistance level. The RSI indicator is showing overbuying, and the candle patterns suggest a potential for a bearish wave.
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore Ltd”. This post has been published only for educational purposes.