Interesting opportunity for a long entry on the NZDJPY. The 50% Fib retracement and the SMA200 are acting as supports on the daily chart. Hourly and lower timeframes charts are indicating strength as well.
Moreover, the weekly chart could find stable support at current levels as is rebounding off the SMA50, reinforcing our long entry idea. Stop loss below recent lows in the 88.50 area.
Moreover, the weekly chart could find stable support at current levels as is rebounding off the SMA50, reinforcing our long entry idea. Stop loss below recent lows in the 88.50 area.