NZDJPY Chart Technical Outlook leaves a ‘Gap Open’ at 87.51 . We have seen strong buying interest since the cross posted a low print of 84.93 on Thursday the 27th of July. This aggressive bullish momentum has left a gap open from Sunday night at 87.51. Gaps tend to be closed.
To the upside the first formidable barrier is located at 88.38 this is the projected resistance for a Crab formation. We then have the 78.6% pullback level at 88.67.
Further support is located at 87.43 and 86.63.
