We've had some great trades on NZDJPY as of late just buying from the key support below at 72.40. This zone has been used numerous amounts of times as support
and resistance so it was likely to find support again. This combined with the current commitment of traders signal for the NZD currently we could expect further upside to this market.
Again we have created a higher high after breaking the previous highs and would look likely to re-test the trendline resistance above. Combining the previous highs with the Fibonacci retracement tool
we can see the 61.8 fib sits at the bottom of the zone adding confluence. We would only be looking for the trade into the trendline resistance for now as the higher timeframe is still technically in consolidation.
and resistance so it was likely to find support again. This combined with the current commitment of traders signal for the NZD currently we could expect further upside to this market.
Again we have created a higher high after breaking the previous highs and would look likely to re-test the trendline resistance above. Combining the previous highs with the Fibonacci retracement tool
we can see the 61.8 fib sits at the bottom of the zone adding confluence. We would only be looking for the trade into the trendline resistance for now as the higher timeframe is still technically in consolidation.