PRICE WILL EITHER RETEST THE 75 LEVEL AND BOUNCE BACK TO 75.905 LEVEL AND FALL OR IT WILL JUST BREAK THE SUPPORT LEVEL AT 74.904.
Bullish Cypher in the works? We also have some negative divergence on the MACD
Looks like NZDJPY will breakout soon, lets wait for breakout and enter the trade direction
The price finding support area at 74.20. Bullish as long as support area remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 74.64 with potential target at 75.20-75.45.
Hi Guys, NZDJPY is forming a perfect bullish flag pattern and we are expecting a breakout soon, once that happens on valid breakout we will be initiating long positions in NZDJPY. Sometimes there may be false breakouts, so be careful..even while I'm typing this price is teasing the upper trendline. There are 2 ways by which breakout can happen 1) retest lower...
The price has pulled back into the reference area at 74.03-74.06. Remains bullish above 74.33 as long as the support at 74.03 remains intact. Long with potential target at 75.34
All jpy pairs are showing bullish signs. But I will stay out of major jpy pairs due to recent unexpected moves on majors. This setup looks promising. Im already in.