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The_Pip_Trader

NZDJPY BUY ANALYSIS

Long
New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)  
The_Pip_Trader  
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Chart Patterns Trend Analysis NZDJPY nzdjpylong breakandretest Weekly Charts Daily Charts 4h 1h 382fibonacci
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chartpattern trendanalysis nzdjpy nzdjpylong breakandretest weekly daily 4h 1h 382fibonacci
NZDJPY Overall structure based on the weekly, daily, 4h and 1h is bullish with price having broken above the 90.500 daily resistance and retesting as 90.500 daily support with price also retracing at 38,2% Fibonacci retracement level at the same 90.500 daily support. The bullish engulfing candlestick on the 4h is an overall strong confirmation to go long on NZDJPY
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