On Friday NZDJPY rallied near to 65.00. So what's next?
According to the trend channel, it must bounce back to 64.00 levels approx. BUT this time it may be breaking this trend and in that case, we will be seeing 66.500 levels approx. and on the downwards direction there is support holding still at 65.00. So, a rebound might be seen from there.
What should be the...
NZD JPY is currently around support in the daily chart and also, according to the pattern formation. It must bounce back from here to 65.00 and above levels.
So, it may be a great opportunity for those who are looking to enter a long position with a stop loss at 62.900 and the first target to 65.00 because there is a resistance at 65.00. If it breaks it then we...
THERE IS A BUY SETUP IN NZDJPY PAIR. IT'S AT PIVOT IN 4 HOUR CHART. ALSO, ITS IN BULLISH TREND.
SO, CAN TAKE PROFIT AROUND 65.600 LEVELS.
GO FOR IT!!!!
There is a good buying opportunity in NZD/JPY. Taking a long position now with TP - 66.000 may be achieved.
SL-63.700
THERE WILL BE THIS TREND FOLLOW!! IT MUST RECOVER FROM HERE.
