FX:NZDJPY Reversal potential 67.710 with SL at 67.530 and three potential targets. Note: Please Consult Your Financial Advisor Before Taking Any Decision Always risk 1% of account size per trade, adjust the position size accordingly
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (71.500). 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....
Trading 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 descending triangle formed in the counter paints a bearish bias in the counter. The price is currently at a support zone, however, we expect it to break paving way for a short trade. Hence, traders can go short only after a bearish candle closes below the support zone.
NZDJPY is in the Strong Bullish Trend Now. . .
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...