2016-01-14_00-52-31nzdjpy

The yen has been gaining strenght lately against most counter pairs.

We are nearing two levels of support as can be seen with the two blue areas.

I am of the opinion that price feels attracted to these areas where it is most likely to reverse because that is where buyers tend to come into the market.

If you note that the area is broken with ease then the target might be the second area for the pair to be hading.

If the first area holds firmly its ground and a bullish reversal pattern is given the down move might be completed.

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