mngFX

NZDJPY, Retracement to gain momentum for buyers

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OANDA:NZDJPY   紐元 / 日圓
NZDJPY is looking to continue its growth after a short term retracement retesting the 84.50 level. As you can see price has created multiple higher lows indicating a bearish run may not be likely at this moment.

Price impulsively broke out of the upper trendline of a reversal structure surpassing previous highs which we should see further upside after a short pull back.

Be patient with your entry, ensure your criteria for entry is met.

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