NZD/JPY Continues Up as Long as 68.70 Stays Supportive

2 min read
Nenad Kerkez

Nenad Kerkez

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.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of