Get started

Nzdjpylong

NzdJpy- Entering buy zoneSince 20th August, NzdJpy is in an uptrend rising around 800 pips and also breaking above the neckline of an H&S pattern In the last trading month, the pair has started to correct and I believe we are close to resuming the uptrend. At this moment NzdJpy is entering a strong buy zone marked buy old horizontal supports and 50% Fibo for the last leg up Losses from this moment are limited in my opinion and a buy trade in this zone also could have a nice R:R if we target the previous high I'm looking to buy
Long
by Mihai_Iacob
5
NZDJPY - Bullish BiasNZD - Strong Bullish 1️⃣ The market expects that the RBNZ interest rate will reach 1.0% in April 2022, and 1.5% in October 2022. JPY - Strong Bearish 1️⃣ The rising in US Treasury yields has made investors less fond of low-yielding currencies such as the JPY. ===== Technical ===== We are buying the NZDJPY after it bounced back at support levels. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Long
by MonsunAsia