ZetaLabs

16 June: NZDJPY seeing a reversal here

Short
FOREXCOM:NZDJPY   New Zealand Dollar / Japanese Yen
Hi everyone!

Prices are pulling back to test its resistance zone at 78.676, in line with the 78.6% retracement where we could see a reversal here. Once prices reach the first take profit target which is also the support zone at 78.450, we will close out half the position and shift our stop loss to break even. What are your thoughts on this trade?
Trade closed: target reached

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