NZDJPY return to low 80's... Short

New Zealand Dollar/Japanese YenFXCM

Description

⋅ Jan 23, 2015 8:37 PM

Easing by RBNZ could be seen soon and reduce the interest rate differential between NZ and Japan. Daily close below cloud, cloud has turned red and lagging line is close to pushing below the cloud.

Entry @87.75,

SL at open of strong bearish candle @ 90.72,

TP 81.81