NZDJPY ANALYSIS 26-02-2021


NZD/JPY trading in uptrend 
price above SMA 100, SMA 200
MACD shows bearish momentum
RSI broke uptrend line below 50

First scenario : if price break resistance level 1 around 79.20  and close above it  on 4h frame , it will confirm bullish movement to  resistance level 2 around 81.00 

Second scenario : if price break support level  around 76.60 and close below minor uptrend line on 4h frame ,it will confirm bearish  movement  to major uptrend line and key level around 74.00 

R3: 81.00
R2: 80.00
R1: 79.20
Pivot:  78.00
S1: 76.60
S2: 75.60
S3: 74.00