JimMakos
Long

NZD/JPY could bounce off the prev-resistance/now-support zone

FX:NZDJPY   New Zealand Dollar / Japanese Yen
61 0 0
The bounce will align with the 50% Fibonacci level.

This is an example of position trading. For a more short-term trading, we could aim for an ascend to the 38.2% Fib level and take 50% profit there.
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