NZDJPY long
On this NZDJPY
Technically, we can see a nice hand and shoulder forming, the head of the HAS reacted on an important support.
The price retesting a support zone with a flag shape.
A break of the flag on the upside and of the dotted trendline could open up opportunities to go for the 87.
We can see un bullish divergence on the RSI
Fundamentally, we can see that risk appetite is returning with the SP500 breaking the 4200 level.
This has benefited risk currencies such as the NZD.
On the other hand, Ueda has made no sign of a change in Japanese policy.
We'll have to keep an eye on the data and the news.
Don't hesitate to tell me what you think of this analysis.
We're all traders, it's not about being right all the time, it's about making money.
Technically, we can see a nice hand and shoulder forming, the head of the HAS reacted on an important support.
The price retesting a support zone with a flag shape.
A break of the flag on the upside and of the dotted trendline could open up opportunities to go for the 87.
We can see un bullish divergence on the RSI
Fundamentally, we can see that risk appetite is returning with the SP500 breaking the 4200 level.
This has benefited risk currencies such as the NZD.
On the other hand, Ueda has made no sign of a change in Japanese policy.
We'll have to keep an eye on the data and the news.
Don't hesitate to tell me what you think of this analysis.
We're all traders, it's not about being right all the time, it's about making money.
כתב ויתור
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