FX.co ★ NZDJPY H1: Bullish Flag
Signal strength 4 of 5
NZDJPY H1: Bullish Flag
The Bullish Flag pattern has been formed on NZDJPY at H1. The lower boundary of the pattern is located at 91.63/91.63, while the higher boundary lies at 91.97/91.97. The projection of the flagpole is 63 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 91.97 is broken, the price will move further upwards.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade