FX.co ★ deja.schimmel | NZD/JPY

NZD/JPY Н4 Before the weekend, the quotes dropped slightly below the support level at 92.27 and stayed there. The moving average is above the quotes, which also indicates a bearish direction. Therefore, it is quite possible that the southward movement may continue towards the support at 91.50. However, it is probably necessary to consolidate below this level first and then continue the trend. If the quotes move back above this level at the market opening, it could signal a move to the north, and then we will see what the moving average is capable of. Wishing everyone a good mood.