NZDJPY held the MA50 (1d) and can rise +7%

14 ก.ค. 2023

NZDJPY is trading inside a Channel Up and Wednesday's contact with the MA50 (1d) resulted in a 3 day rebound so far.
That was the latest Higher Low at the bottom of the Channel Up, the previous was also formed on the MA50 (1d).
The two bullish legs have risen at least +7%.

Trading Plan:
1. Buy on the current market price.
2. Sell below Support (1).

Targets:
1. 92.300 (+7% rise to the top of the Channel Up).
2. 83.550 (Support 2).

Tips:
1. The RSI (1d) is also trading inside a Channel Up. The recent bottom matches the one on the MA50 (1d).

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