NZDJPY Trade Idea (21st February 2020 )

Currency Pair: NZDJPY
Timeframe: H1
Date/Time of Signal: 21st February 2020 / 1520hrs (SGT)

Review:
Pessimism about the Chinese growth outlook continue to weaken the New Zealand dollar.

NZDJPY has been unable to break and bounce of the resistance level of 71.20.

Trade signaled to sell NZDJPY (Entry: 70.55) with 3 Take Profit (TP) Targets (TP1: 70.35, TP2: 70.15, TP3: 69.95) and Stop Loss (SL) at 70.85.

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