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NZDJPY is in the Strong Bullish Trend Now. . .
Details as in chart....
refer chart for details
broke the neck-line at 1 hour chart. under the red line (under shoulders) we might set up a stop-loss
NZDJPY may come down due to "Head and Shoulder Neckline" breakout...
The 4-hour chart of NZD/JPY indicates that the pair is currently in downtrend.
The pair is currently in the strong support zone of 75.438.
The stochastic indicator has also a divergence, which indicates a weakening selling momentum.
Hence we expect the pair to be bullish until it reaches the zone of 76.586.
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
SUPER BULLISH SO SHORT 81.05
Entry and targets given on chart.