NZDJPY H1 |
Price is bouncing towards the upper trendline after touching lower trendline. 200EMA comes near to upper trendline. 200EMA has been resistance-turned-support in this pair and is a good measure of trend direction.
I will be waiting to see how price reacts near 200EMA. I would like to go long on a break of 200EMA and upper trendline. On any substantial rejection from that area, I will be shorting the pair.
------------------------------------------------------------------------------------------------------------------
NZDJPY H1 |
I think all the fuss around YEN will fade in coming days and all XXXJPY pairs will be back to previous levels.
No comments:
Post a Comment