NZDJPY seems to have been in range for the past few days with the lowest reach being 74.693 and the highest being 75.538. If you look closely at 75.0, you will notice that it has been a very strong support and resistance in previous times. Daily candlestick bounced at support 74.693 forming a somewhat small pinbar. On hourchat a pinbar was formed 2 hours ago and current previous candle closed above our major support/resistance 75.0. Confirmation that we can buy and expect price to reach 75.528.
Take profit is 75.5 and stoploss is 74.693. All the best!
Take profit is 75.5 and stoploss is 74.693. All the best!
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