NZDJPY - Bullish Bias
NZD - BULLISH
1️⃣ The unemployment rate in New Zealand dropped to 4.7% in the first quarter of 2021, down from 4.9% the previous quarter and lower than the market's expectation of 4.9%.
2️⃣ Positive risk sentiment supported the antipodeans.
JPY - BEARISH
1️⃣ Risk-on tone weighing on the safe-havens JPY.
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Technical
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We are buying the NZDJPY on the support + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The unemployment rate in New Zealand dropped to 4.7% in the first quarter of 2021, down from 4.9% the previous quarter and lower than the market's expectation of 4.9%.
2️⃣ Positive risk sentiment supported the antipodeans.
JPY - BEARISH
1️⃣ Risk-on tone weighing on the safe-havens JPY.
=====
Technical
=====
We are buying the NZDJPY on the support + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: target reached
✅ TRADE HAS HIT TP+20 PIPS
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.