NZDJPY trade ideas
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (75.2). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 75.88
TP2= @ 76.20
TP3= @ 76.65
SL= @ 74.73
NZD/JPY Technical analysisThe 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.
