NZD/JPY Bullish Consolidation

Dear traders,

The NZD/JPY is supported above 78.00. We should see a move above 78.00 – M L3 if momentum persists.

If the market retains positive momentum above 78.00. We should see a move higher. We can see that the trend has changed to bullish and the price action shows a potential up move. Targets are 79.63 and 80.61. If the price drops below 77.85 then we will see Q L3 pivot hit which is bearish for the pair.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez