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Chart Of The Day: NZDJPY Struggles Near Triangle Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Dec 31, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    NZDJPY's gradual recoveries from the August lows, as marked by ascending trend-line, forming part of the triangle, repeatedly fails to counter the 83.00 83.20 area, including resistance-line of the triangle pattern, 200-day SMA & 50% Fibonacci Retracement of its December 2014 August 2015 downside. However, the formation support-line,[​IMG]

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