NZDJPY short term retracement and longterm buy
On the Global Interest rates, NZD is rating very high compared to JPY with a 0.600% difference. This means NZDJPY is and has been on an uptrend.
On the technical analysis, this pair has been on a strong uptrend since March 2020 and went ahead to break the HIGH OF the YEAR 2019 early this year.
Currently, the price is on the HIGH OF the YEAR 2018 and this being a significant level we expect the price to retrace before the uptrend continues dominating.
For now, it's not best to catch the bear pips but rather look forward to the best possible entry for a long-term buy move.
I have set two possible levels 80.338 and 79.000 which are the possible buy entries.
Follow for updates on this pair
On the technical analysis, this pair has been on a strong uptrend since March 2020 and went ahead to break the HIGH OF the YEAR 2019 early this year.
Currently, the price is on the HIGH OF the YEAR 2018 and this being a significant level we expect the price to retrace before the uptrend continues dominating.
For now, it's not best to catch the bear pips but rather look forward to the best possible entry for a long-term buy move.
I have set two possible levels 80.338 and 79.000 which are the possible buy entries.
Follow for updates on this pair