Also let’s give this one a shot!
NzdJpy Daily Chart
Price has been falling for most most this month ever since it broke and retested the 81.500 psych level the last few day's of last month. We saw it retrace it all the way to the 78.6 fib level with some exhaustion there signaling a change in direction. Note the stochastic divergence.
NzdJpy H4 Chart
Saw price double bottom at WS1. A break beyond the 21 MA and the 80.000 level is imminent. a retest at the role reversal would be ideal for another buy opportunity.
NzdJpy H1 Chart
Price is currently at resistance, a retest at the daily central pivot for maybe? Stochastic is overbought
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About The Forex Analyst
I just think to myself at times that hey young man, some of best the best days of your life haven't happened yet, and man what a wonderful feeling it is.