Hi guys. Hope you are having a wonderful week. Almost all pairs are running in CHANNELS in this market condition. So we have analysis on NZDJPY
. The pair seems to be in a downtrend channel
but is currently at its SUPPORT. Our analysis is that the pair will hit the support and will go to the RESISTANCE TREND LINE
. One can take a buy call and close it as soon as you get a decent profit.
Views welcome from all our fellow traders. Thank you.