NZDJPY Chart Technical Outlook offers Marabuzo support at 88.27
Strong buying pressure last week recaptured the previous three weeks’ net losses. This positive pressure has left a Marabuzo support level at 88.27 (Marabuzo – midpoint from open and close of a strongly bullish candle). Bespoke support is located at 88.35. This is the prime downside barrier.
Mixed the volatile trading for the last 87 days looks to have formed an Ending Wedge pattern. Trend line resistance is located at 90.42. I would look for this zone to be the upside target this week.
