NZDJPY Local OB| Swing Low| Price Action| Trend

Evening Traders,

Today’s analysis – NZDJPY- trading at a ley trade location where a bounce is probable,

Points to consider,
- Price Action Corrective
- Local OB Support
- Daily S/R Objective
- RSI Extended
- Declining Volume

NZDJPY’s immediate price action is trading at an area that is in confluence with an order block and a potential swing failure, allowing for a bullish bias.

The Daily S/R is the immediate objective, exceeding this level will lead to a trend continuation.

The current RSI is overextended, a reversion back to its mean will happen on the price action rise.

Overall, in my opinion, NZDJPY is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember,

“Trading effectively is about assessing probabilities, not certainties.”
― Yvan Byeajee