BIG BOUNCE SETTING UP IN NZD/JPY

A monster rally in the Yen is creating some extreme technical readings across the entire JPY complex. Of note is the Kiwi/Yen cross (NZD/JPY)

A pullback of 7 cents from 99 to 92 has brought prices back into trendline support from 2020. Not suggesting you try to catch falling knives, but in the forex space, a methodic and patient building of a position of size could lead to one of those 7 figure profitable trades in a few days.