NZD JPY analysis
NZDJPY Analysis: NZDJPY made retracement to 0.38 Fibonacci level. Price dropped massively in short period of time. However, such move has occurred earlier. Price dropped massively people thought it might be trend reversal, but price continued bullish trend. Same happened with current market price dropped around 0.38 fib level, and now trying to recover. For bearish trend price will need to break at least 0.5 Fibonacci level. My bias is still bullish possibly price will reach 78.008 resistance level and continue bullish trend. I will be taking buy trade once market breaks 78.008 resistance level.
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