stamoyo

NZD/JPY Plausible price action

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
The price just broke out the resistance line and headed up. Not, I expect to see 1 to 3 candles of little retrace or just a plateau and then a solid upside move. The fear of rising will slow down the market before the big soar. The RSI and MACD are obviously bullish but it usually shows previous move and in the peak of its bullishness the price slows down. Though, the market is turning bullish.
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