Currently, NZD/JPY is trading at 66.68. The pair is trading in an up trend from 18th May after breaking resistance level at 63.98. Although, the pair has already touched its resistance level and is now moving in a sideways trend. It may start a new down trend if it breaks the neckline at 66.40, the first target will be at 65.01, and the second target at 64.15.
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Thank you,
Rishikesh Lilawat
Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.
