NZD/JPY: POSSIBLE BREAK OUT

Hello Traders!

Regarding NZD/JPY, we can note that the two indicators used to analyze this currency pair are good:
- MACD line is ABOVE the SIGNAL line -> uptrend incoming
- RSI shows no overbought signals
- Huge bullish candle confirms our bullish thoughts

I think that the price will break out and touch the new resistance. We cannot exclude a further increase so keep an eye on it!

VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.

Please, maintain proper position sizing and risk management!