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stephanelibatd

Strong increase potential on the NZD / JPY Pair 240

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
stephanelibatd  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis
2
0
trendanalysis chartpattern waveanalysis

The pair NZD / JPY and in a downward wedge, it bounced off a support area and then retested resistance before making a breakout.

With strong sales volumes traded in this structure, we have a high likelihood of joining horizontal resistance to revert to more dynamic price action.

Noting that we are in a bullish divergence on the RSI but in the zone of under-sale in the bears do not give the territory yet its remains in good voice.

Then the price will go to the top of the resistance zone of the RSI in order to check it.

At this point it will be so much to take your profits and reduce your exposure.


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