DLavrov
Short

NZDJPY Sell Opportunity

FX:NZDJPY   New Zealand Dollar / Japanese Yen
The price is below the cloud and it is going to break the uptrend line and 78.30 support level . DMI supports the downward movement. We have a sell opportunity. Entry level is 77.95 with stop orders at 79.80 level. The main profit target is 76.00 level. The part of trade volume can be left for long run.
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gross TA....too many lines. clean it up
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The more likely scenario is for it to respect the trend. JPY is under heavy manipulation today. Overreaction to Kuroda reinstatement another factor.
+1 Reply
@fakhan, if the price can't break the uptrend line, it will be possible to think about buying above 79.30 resistance level.
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