Comparic

NZDJPY rebounding from local support

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY – the H4 chart shows a very strong upward trend where pair with no problems breaks through the previous highs. Currently there is a chance to buy at a slightly lower price. After a mild correction, the bulls begin to respond, creating a candle with a longer lower shadow. If the trend is to continue then the price should turn back towards the last high. Consider long position.

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