NZD/JPY Short Term Long and Long Term Sell...from lester

12 Oct 2020, 12:40 · Views 1,397

Hi Everyone,
This is my first analysis and currently trading NZD/JPY and AUD/JPY.
So here goes
Last week both NJ and AJ made a bull run and for the next coming hours we can expect bullish exhaustion which will give a retracement in both pairs. They seem to be rejected by the 23.8% zone and after this will make a swing to the monthly resistance (descending channel). When it hits the resistance I will be looking for sells in the market.

This is my setup for now and will follow the news regarding the pairs in the coming days.

Please leave a comment(would like to hear your ideas) or a like.

-Cheers-

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lester