NZDJPY Analysis, July 14, 2025
NZDJPY on the M15 timeframe, after the price broke through the moving average (MA) line, experienced a retracement or pullback upward. However, this movement was halted at an area that previously served as support, then turned into resistance. This area is marked by a green box on the chart. This zone is crucial because it reflects an area of supply where selling pressure increases and buyers fail to push the price higher. Repeated rejections from this area indicate that sellers are actively defending the level and are likely preparing for the next downward push. We can try selling now with a stop-loss at 88.50 and a take-profit at 87.98.