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NZDJPY has made a bullish exit, potential for strong rally!

FX:NZDJPY   Dolar New Zealand/Yen Jepun
NZDJPY has made a bullish exit of our descending channel and could rally strongly from here. A strong rally could occur above major support at 77.66 ( Fibonacci retracement , horizontal overlap support, breakout level) towards 79.24 resistance ( Fibonacci retracement , horizontal overlap resistance).

RSI (89) has made a similar bullish exit signaling a change in momentum from bearish to bullish .

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This analysis is provided as general market commentary and does not constitute investment advice.
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