NZD/JPY Continues Up as Long as 68.70 Stays Supportive

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The NZD/JPY is bullish. It’s a bit slow pair with only 39 pips of the ATR(5) so patience is needed for any trades that happen.

69.00-10 is the POC zone. We could see a bounce up due to different bullish confluence which add to overall signal. Bullish order block, ascending trend line, bullish hammer off support and re-entry dot indicating oversold price on 4h. Targets are 69.50 and 69.95. Ideally the price should stay above 68.70.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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