NZDJPY 1H SellNZDJPY 1H Sell
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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Nzdjpyanalysis
NZDJPY approaching support, potential for a bounce!
NZDJPY is expected to drop to 1st support at 69.059 where it could potentially react off and up to 1st resistance at 69.675.
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NZD/JPY SHORT Round 2NZD/JPY Should do a bounce back to test Resistance one more time, where we are looking to short it once again
We will be using the same parameters as previous call yesterday
This time both are sell limits
NZD/JPY SELL LIMIT
Entry 68.650
Entry 2 68.800
sl 69.100
tp.1 68.350
tp.2 68.100
tp.3 67.900
Risk management please .01 or .02 for every 100
Counter Trend defined... NZDJPY Long trade setupPrice found support @67.5 making a Higher Low on the daily chart. I expect a Higher High from this point forward at least to the next historic Support/Resistance level @70.4 and maybe Price will flourish even higher close to 72.0 hitting the long term Down trend line.