ZARJPY Daily Chart. Hold your Horses!!ZAR/JPY, D1 chart.
This is for Ichimoku fans :)
Today or as of this moment or time, Price is sitting at the Kijun Sen (Baseline) and basing on the last candle we can see that there is lack of movement. Kumo is predicting an upward continuation but I think it will be safer to wait before placing a trade until we see some movement. If you are already holding a position or in a trade, this can be a continuation but also be ready to exit if Price crosses Kijun sen and re-enter if Price goes up again (we never know...). If you can wait it out, probably you are in for more pips ahead :)
ZARJPY trade ideas
ZARJPY retest or breakout?As we can see, the pair has made a reversal to move in a strong bullish move towards the previous support. Currently the pair is moving strongly towards the previous which is a good opportunity to buy. But we can await to see if it rejects of the zone to give us a good chance to sell.
Appreciating Long The Swap!Entering consolidation phase. This pair long term seems to be appreciating overtime and is beneficial to hold overnight. *Discuss in comments* Swap remains positive.
We can break lower start of the week and see it as low as 6.30s.
I would like to see next week at least 20 pips on the long side.