NZDJPY has been in a bearish trend on the 1-day timeframe but recently broke and retested a descending trendline, indicating a potential reversal. Consider a buy opportunity at the current price. Set a stop loss below 83.900 to manage risk. Take profit targets are as follows: TP1 at 86.880, TP2 at 88.500, and TP3 at 90.900.
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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.