NZDJPY: Range Trading - LONG and Risky

NZDJPY: Range Trading - LONG and Risky

The price is showing the possibility for another bullish wave inside the pattern.

However, this is going to be risky this time as long as we have BOJ during the coming week and the market may speculate that BOJ may take further actions.

Considering also that the are not consistent in their comment the market can push the price up again in order to develop the pattern more and can wait for BOJ near to the top again.

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

註釋

NZDJPY - Near to the first target