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HyperGroundForex
Jun 18, 2020 6:06 PM

NZDJPY Intraday Outlook Short

New Zealand Dollar/Japanese YenFXCM

Description

FX:NZDJPY recently broken the ascending trendline and did a retest during London session. With New Zealand's recent poor GDP data and the Yen as a safe haven asset to increase in demand, we can expect NZD weakness and Yen to strengthen. We could potentially looks for trades for a downside move towards the nearest key level as shown in the chart. Trade safe guys!

Trade active

Trade closed: target reached

Comments
InkyGrip
I expect a similar move on my last update on this pair. Nice analysis!
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