The NZDJPY has been in a bull trend channel on the daily and 4 hour charts for a while now. However, calls from the RBNZ to intervene may see the NZD decline soon which I think is likely, and that coupled with favorable risk sentiment from the BOJ will help such a move. But before that happens I think there will be a solid test of the 88.00 resistance level with a...
NZD/JPY continues its upside movement after rejecting the 87.15 support level with a pin bar candlestick. The overall trend for this market is still up as the short term moving averages (10 and 20 period) are still well above the long term moving averages (50,100 and 200 period). The pin bar candlestick pattern that pushed the price higher also pierced through the...
