Currently, NZD/JPY is trading at 69.60. The pair is trading in a resistance and support channel from some time and now moving towards the support level
at 69.00. It may rebound back after touching support level
to again move towards resistance level
at 72.00. Until it breaks resistance or support level
, it will hover in this channel. So, do have this pair in your watch list and wait for the right price to enter.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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