In-Depth NZD/JPY Technical Analysis: Bears Display Dominance
Wednesday, 4 September 2024, 15:32
Current Trends in NZD/JPY Crosses
The NZD/JPY pair is under selling pressure, showcasing a bearish bias that was evident during Wednesday's trading session. Technical indicators strongly suggest that bears are gaining traction, signaling potential further declines.
Technical Indicators and Market Sentiment
- Momentum oscillators indicate weakening forces.
- Resistance levels appear to hold strong as sellers dominate.
- The NZD/JPY might test lower supports around 88.00.
As the market evolves, traders should remain vigilant of changes in sentiment and adhere to risk management practices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.