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mngFX

NZDJPY, Retracement to gain momentum for buyers

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Dólar neozelandés/Yen japonés (OANDA:NZDJPY)  
mngFX  
OANDA:NZDJPY   Dólar neozelandés/Yen japonés
Trend Analysis Multiple Time Frame Analysis Fundamental Analysis multitimeframeanalysis fundamental-analysis highs LOWS impulse correction
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trendanalysis mtfa fundamental multitimeframeanalysis fundamental-analysis highs lows impulse correction
NZDJPY is looking to continue its growth after a short term retracement retesting the 84.50 level. As you can see price has created multiple higher lows indicating a bearish run may not be likely at this moment.

Price impulsively broke out of the upper trendline of a reversal structure surpassing previous highs which we should see further upside after a short pull back.

Be patient with your entry, ensure your criteria for entry is met.

Thanks
Trade Safe

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