ForecastCity

Don't miss the great buy opportunity in NZDJPY

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (75.2). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.

Take Profits:
TP1= @ 75.88
TP2= @ 76.20
TP3= @ 76.65

SL= @ 74.73

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