PEPPERSTONE:NZDJPY   New Zealand Dollar / Japanese Yen
Possibly a quick 175 pips to be made. Looking like a 4HR double bottom. Yes im bullish on JPY but looking at the JXY index it has reached the top trend line of the rising channel suggesting a slight pullback before going higher. We see a nice rejection candle on the double bottom and would aim for a 50% retrace before potentially dropping but take it as the chart tells us

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