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ForecastCity_EU
Jan 3, 2020 1:24 PM

Don't miss the great sell opportunity in NZDJPY Short

New Zealand Dollar/Japanese YenFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (72.65). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 32.

Take Profits:
TP1= @ 71.75
TP2= @ 71.47
TP3= @ 70.00

SL: Break Above R2
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