nzdjpy analysisOANDA:NZDJPY
Overall structure on NZDJPY is bullish. a support level has been established around 90.496 on the 1h with there being multiple touches and rejections with price failing to break below 90.496. a bullish engulfing candlestick is my confirmation to continue bullish run on NZDJPY
4h
SasanSeifi 💁♂ S&P Index 🔼4185 / 4220 / 4240 Hey there!
In the 4-hour time frame, the S&P index, as observed, has shown positive reactions after a decline, starting from the range of 4100, and is currently trading around 4157. The expectation we can have in the 4-hour time frame is that, following this consolidation, we may witness growth towards the ranges of 4180 / 4220 / 4240. To better understand the continuation of this price movement, it's crucial to see how it reacts to the resistance ranges. There's a possibility of a rejection from these levels.
Additionally, if it manages to penetrate above the supply zone and establish itself, the target range of 4300 can be considered. Maintaining the support range of 4100 is very important for the desired scenario
🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
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