FX.co ★ deja.schimmel | NZD/JPY

At this time, the pair quotes have already risen above the level of 93.78, and it seems that there is indeed a consolidation above this level. The moving average is below the quotes, acting as support for both the quotes and the north in general. This kind of chart pattern indicates the possibility of the pair continuing its northern direction, and if so, it is likely to move towards resistance at the level of 94.50. Well, then we will of course analyze the situation further. However, for the southern path, the quotes need to drop below the support again, below the moving average, and of course, consolidate below the level. Wishing everyone success.