NZDJPY Chart Technical Outlook stalls at the 161.8% extension
We have seen a substantial recovery from the August 5 low. This has produced a morning star pattern on the weekly chart. This formation is positive. The four hour chart highlights a 161.8% extension level located at 89.90. There is scope for consolidation but I would look for dips to be bought. Prime resistance is located at 92.52.
