NZDJPY is touching the resistance level at 60.29 now
if NZDJPY can break this resistance level, this pair will has a chance to rise and touch 61.02
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NZDJPY is touching the resistance level at 60.29 now
if NZDJPY can break this resistance level, this pair will has a chance to rise and touch 61.02
I am not so convince that it go bellow 62.41. BOJ is having different plans , as i read on Bloomberg. What do you think neimad. Correlations with other pairs help. In the end though, it's a no-think situation where you have to trade any breakout and then manage the trade properly.
Seems like, its trying to reach the strong resitance level at 61.05, and I expected for that. But if this pair went lower than 59.85, the bullish scenario will be fail and change to bearish-again.
NZDJPY has broken the resistance level at 60.29
Now, NZDJPY has a potential to rise and reach 61.02
But if fail and NZDJPY break 60.29 again, this pair may fall at least to 59.85
On h1 chart, NZDJPY stay above the resistance 3 at 0.7616 area, it is bullish trend here. But we still have chance to take advantage for the correction because BB and Stochastic already in over bought condition.
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Its moving sideways, and now the price is trapped between 60.65 and 60.25. My strategy for today is buy at low, sell on high. Lets see if this pair could cross either its support or resistance for more than 30 pips, it is said, it have found the trend
On H1 chart, this pair rebounce from resistance 2 (60.70) and could reach till pivot 60.46.
If the price stand below pivot then we can take short position.
This scenario still validOriginally Posted by kerandafx
NZDJPY has broken the resistance level at 60.29
Now, NZDJPY has a potential to rise and reach 61.02
But if fail and NZDJPY break 60.29 again, this pair may fall at least to 59.85
Now, NZDJPY still trying to rise and reach the next resistance level at 61.02
Now is the good time to buy NZDJPY with SL at around 60.20
Now its testing its support level of 60.25. I expect some correction for this pair and targetting this pair may reach 60.70. The scenario will be fail, only if this pair went lower than 60.10, which I put that as my stop loss point.
NZDJPY still don't make a significant movement.
Now the condition like this
I think it will be possible if break out movement happen.
If NZDJPY can break 60.61, this pair has an opportunity to rise and touch 61.28
If NZDJPY can break 60.29, this pair has an opportunity to fall and touch 59.54
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