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MoneyBodySoul

NZD/JPY Long Position - Trading Inflation Expectations

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Dollar New Zealand / Yen Jepang (FX:NZDJPY)  
MoneyBodySoul  
FX:NZDJPY   Dollar New Zealand / Yen Jepang
Trend Analysis Chart Patterns Technical Indicators NZDJPY Technical Analysis technical_analysis LONG buysetup buyzone mid-term
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trendanalysis chartpattern indicator nzdjpy technicalanalysis technical_analysis long buysetup buyzone mid-term
Technical Analysis

The trend line highlights the continuing downtrend. Bears will start taking profits at the key weekly 76.00 S/R level resulting in good opportunities for Long positions. All eyes on Q1 Inflation Expectations from the Reserve Bank of New Zealand on Friday 4th May.

Long Entry at 76.00
Take Profit set for 77.7
S/L at 75.4 below recent lows, safe stops supported by key weekly S/R level at 76.00






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