TradeProofer’s NZDJPY sentiment has swung bullish, and the daily bullish structure is still in tact. This is despite the recent sell off having strong momentum.
NZD/JPY has traded into the previous resistance trendline which may act as a support. Price has been extremely bearish over the last few trading days, as traders look to hedge risk as the new Omicron Covid-19 strain is spreading.
The pairs daily bullish structure still remains in place as you can see below, with the recent low lying at 76.338.