NZDJPY Potentially heading to pre-covid19 levels
Technically
- On a strong resistance --> Hopeful to see slight retest before break up to levels before Covid-19
Fundamentals
- Risk on --> Economies around the world are opening up, this will potentially result to selloff in safe havens assets like Japanese Yen and Gold, this will likely result in medium term selloff of JPY against other countries currencies NZD in particular.
We are having a medium term bullish bias in the pair
- On a strong resistance --> Hopeful to see slight retest before break up to levels before Covid-19
Fundamentals
- Risk on --> Economies around the world are opening up, this will potentially result to selloff in safe havens assets like Japanese Yen and Gold, this will likely result in medium term selloff of JPY against other countries currencies NZD in particular.
We are having a medium term bullish bias in the pair