Hello traders, NZD/JPY is trading at 78.64. The pair is trading in resistance and support wedges
in a downward trend and can break the support level
to start a new down trend. If the price breaks the support level
at 78.44, it can start a new down trend and then its targets will be first target at 77.94 and second target at 77.38.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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