NZDJPY Long Opportunity

NZDJPY is still in bullish territory but rejected of minor daily resistance. Becareful into getting into a position but price is printing a double bottom on the 4hr and showing H1 RSI divergence indicating bears are losing momentum and the bulls might take over from here.

Confluences are 38.2-50 % fib zone, rejecting off 50 and 100 EMA, and a 4hr key level.

DISCLAIMER: This is not a signal and should only be taken at your own risk

Comment:

Closed the position prior to the weekend as price was moving too slow and needed to re-evaluate the market