Potential Short Opportunity for NZDJPY

21 Apr 2020

If you see my recent posts, you would know that i am bullish on the JPY. Therefore the setup forming for this pair is perfectly in line with my view. I see a break of the daily rising trendline. Right now, it is consolidating at a support zone (albeit not a strong one). Thus, if all goes well, i will wait for a bearish break out of the pair before selling on the pullback. Risk to reward ratio is high with a good probability that the trade will work out in our favor. All the best!