NZDJPY recently broken the ascending trendline and did a retest during London session. With New Zealand's recent poor GDP data and the Yen as a safe haven asset to increase in demand, we can expect NZD weakness and Yen to strengthen. We could potentially looks for trades for a downside move towards the nearest key level as shown in the chart. Trade safe guys!Trade active
Trade closed: target reached
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.
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.