CalebDismuke
Short

Resistance holds, so far, in NZD/JPY

FX:NZDJPY   New Zealand Dollar/Japanese Yen
Technically Speaking
Resistance at the 75 level held again. A pretty clear range is being mapped out. 72.50-75.

Strategy
Buying under 72.50 and selling at 75 seems to be a sensible strategy, until one side or the other breaks.
Trade active: I am short this cross. Targeting the 73 level initially, stop is at 75.36
Trade closed manually: Closed the short position for a small gain. The failure to break the 100 DMA on the downside was a red flag. Other yen crosses are starting to break to new highs. I felt the R/R for holding the short was not there.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out