Hi,
The NZD/JPY has now officially retested the support at $87. The market opened the price slightly below before recovering and now potentially moving higher.
3R would be the target at the local highs, at this point I'll be looking to trail stops and watch the price closely up to the next daily resistance at $92!
The 200MA on the 4H is clearly acting as support this entire move upwards.
Good luck if you join
The NZD/JPY has now officially retested the support at $87. The market opened the price slightly below before recovering and now potentially moving higher.
3R would be the target at the local highs, at this point I'll be looking to trail stops and watch the price closely up to the next daily resistance at $92!
The 200MA on the 4H is clearly acting as support this entire move upwards.
Good luck if you join