ForecastCity

Don't miss the great buy opportunity in NZDJPY

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
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.
. The RSI is at 74.

Take Profits:
TP1= @ 72.10
TP2= @ 73.60
TP3= @ 74.80

SL= @ 71.00
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Comments

Thanks to you for sharing such a great buy opportunity in NZDJPY.
+1 Reply
@fxniki, You're welcome.
Reply
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