Pair Name : NZD/JPY Time Frame : 1 Day Scale Type : Large Scale Analysis Way : Volume + Classic + High & low + Market Map Direction : Natural - Lead To Long
Description
After the price succeeded in a clear breakout and a re-test on the daily basis at the 79.700 area, an increase is expected with a target of 300 pip in the medium term to the 82.400 area, and the advantages of the breakout / entry area are as follows
bullish break 79.700 - turn over break - quarter high - month high break - pattern break - daily price action - retest
The target area is an important reflexive area also at the 82.400 area. That area, on the weekly and monthly basis, is very important and has high liquidity and is considered one of the strongest reflective areas and the features of that region.