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SamKent
Oct 19, 2014 9:13 AM

NZD/JPY with-trend trade Short

FX:NZDJPY240
New Zealand Dollar/Japanese YenFXCM

Description

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The pair has been unable to break the 85 handle s&r line. The trend is bearish, trading below the 200 and 100 MA's, coupled with stochastic crossing back from overbought territory, this is a classic with trend trade.
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