FX:NZDJPY   New Zealand Dollar / Japanese Yen
This pair to me is screaming to sell either now or very soon.

Look how closely the price has respected the mid point of this descending channel .

It was a buy at the second leg of the double bottom , bulls will be taking profit soon and thus a retrace will be in order to retest the double bottom .

Picking between NZD and JPY, two of the weakest currencies is a risky endeavor and is best left alone.

This is a low probability buy that has a significant chance of consolidating before another run at the bottom of the channel.

The only benefit I see from a long here is the positive swaps you will collect.

Trade Safe and make your own analysis that meshes with your trading plan.
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