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 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.
Hello folks, its thursday and its time to make some money before weekend. So here is an analysis on a clear buy indicator. Pair= NZDJPY As its very clear that it the price is going up after hitting the support line. Also there is a double bottom chat formation and its on the verge of completing the pattern. One can go long with tp of 71.000 and SL of...
The counter has formed a double bottom pattern at the lows. Further, the hawkish statement from RBNZ is set to support the counter in the near-term. Hence, we expect the pair to trade with positive bias in the near-term.
It seems NZD/JPY breached it's bearish trend price @ 76.000, From fibonacci retracement points it's expected to reach it's 38% retracement price @ 77.127. after reached 38% retracement , there would be a pullback correction chance for long bullish trend