Breach of important price line imminent by NZDJPY

NZDJPY is moving towards a line of 79.7030 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If NZDJPY continues in its current trajectory, we may see it move towards 79.7030 within the next 6 hours.

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