NZD/JPY Long over the short term, 2018 End target

11 окт. 2017 г.

I have a bullish bias on the NZD/JPY Over the short term. I think the pair will fall a little further to the 79.000 level, for then a bounce heading towards 83.000. If a see a daily close below 78.850, i would then target 78.300 as my first support, if this fails, i would the look for 76.500, the further to 72.000. The pair is currency forming a triangle wedged which I believe will break out either side within the coming months. the pair cannot seems to push the 83.000 however if the pair does, i think the rally will continue. Vice versa, if the fails again i think we are heading down. The EMA/SMA is slowly heading up too.