NZDJPY LONG OPPORTUNITY
NZDJPY has found support at the key weekly level of 72.40. If you take a look at the weekly chart you can see the long term trendline resistance above.
Looking at the 4hr timeframe we can see the market has bounced and could be setting up for as an inverse head and shoulders pattern which could
show upside to come. Wait for the market to create a new higher low and form the right shoulder around the minor support of 72.80 before looking for the long.
Looking at the 4hr timeframe we can see the market has bounced and could be setting up for as an inverse head and shoulders pattern which could
show upside to come. Wait for the market to create a new higher low and form the right shoulder around the minor support of 72.80 before looking for the long.
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