nzdJPY based on a technical chart ON D1 it clearly indicates a triangular pattern that contains a length of 29 candles and forms a bearish continuation pattern.
The trading approach will be bearish for this currency after the breakout from the support levels.
Selling zone: 76.750 - 76.650
Stop loss: 77.100
Target: 75.500 - 74.700
Disclaimer: All the...
The daily and weekly shows that the NZDJPY is in a strong uptrend. Going down to a lower time frame the market is in a correction of the uptrend and also using fib retracement the market has exactly taken 61.8% retracement and started to move up.