From a swing trading perspective, NZD/JPY presents an intriguing scenario.
Bulls are anticipating a discount as a result of a convergence of support.
Swing traders may want to have a look at the following optimistic forecast for NZD/JPY and analyze the chances of a daily bullish continuation from a significant level of support and structure.

On a daily basis, the bulls are stepping up at a key support structure, a price region that has previously served as both support and resistance and is expected to hold this time.
The structure is about 77.50, and it also coincides with the previous bullish impulse’s 61.8 percent Fibonacci retracement.

Meanwhile, on a 4-hour chart, a retest of the 10 EMA in a pullback of the current bullish jump is likely to put pressure on the area.
This would provide bulls a discount in aiming for a higher daily high, relying on recent lows to protect a stop loss on an entrance./nRead More