NZDJPY

NZDJPY Price : 91.49

Trend : UP ( Due to the Upward channel on Daily chart )

Transaction: Buy

Reason : Upward channel on Daily & H4 time frame and the price has reached to support level on ( H4 ) in additional to oversold signal from Stochastic on ( H1 ) time frame .

Technical analysis failure at level : 91.00

Technical analysis success at level : 93.00

Comment:

After the prices moved up over 50 points and has reached to the top at level 92.00 and couldn't continue the movement up, we noticed that the prices reversed again down .
I advised to move the stop to the entry level at 91.50