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NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS

New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
benny_marshall  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Wave Analysis Fundamental Analysis NZDJPY nzdjpyanalysis nzdjpysignal nzdjpyidea nzdjpybreakout nzdjpyforecast nzdjpysignals nzdjpyupdate nzdjpyfundamental
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#NZDJPY

NZDJPY should be slightly SELL because the MARKET RISK is off now. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY.
Either way, NZDJPY should be LONG TERM DOWN.

Anyway, the PRICE can go UP again on the NZDJPY MAIN RESISTANCE, if the MARKET RISK is ON, to the 88.59 LEVEL. Earlier NZDJPY was BUY because of strong weakness in JPY. After that, you can definitely SELL at 81.46 LEVEL. For that, MARKET RISK should be OFF. STOCK DOWN, VIX UP, JPY STRONG.
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