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Trading2ez
Apr 13, 2021 6:30 AM

NZD/JPY BUY IDEA Long

New Zealand Dollar/Japanese YenFXCM

Description

Hey tradomanics,

the previous consolidation seems to be done as JPY could show more weakness due to rising yields.

The structure and volume for NZD/JPY looks pretty bullish to me and I`d look for a breakout above the current correction in order to follow the primary trend.
A flat-type-correction is always a good sign for accumulation and could soon cause bullish momentum! A risk-on-sentiment is btw. often good for NZD as a high-yield-currency!


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Peace and good trades
Irasor

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Comments
StevesTradingV
Awesome stuff, mate ;)
MMBTtrader
after breakout rise is expected as shown

well done bro
InkyGrip
Great analysis! 📊🦐
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