VantageFX
Short

Possible EUR/JPY and NZD/JPY Correlation Trade

FX_IDC:NZDJPY   New Zealand Dollar/Japanese Yen
Continuing on from yesterday's chart, this extract comes from the Possible EUR/JPY             and NZD/JPY Correlation Trade blog on the Vantage FX News Centre.

Zooming into the NZD/JPY chart on its own, you can see that price is still sitting right on resistance while EUR/JPY             got the beginnings of a potential rejection yesterday.

If you took yesterday’s EUR/JPY             short and have some floating profit, the opportunity to now take a correlated NZD/JPY short could be there.
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