I posted NZDJPY long setup yesterday, expecting to buy this pair from Fibonacci 38.2-61.8%.

However, this pair just kept rising with little pullback!

It may be a good opportunity to try “Ride the Five”.   Below is the daily chart of this pair.

If we take a Fibonacci, the typical buy zone will be 77.20 – 77.65.    However, if the trend is super strong, you should also consider to long from 5 EMA.

 

FYI, on Ichimoku, NZDJPY is the only YEN pair that is enjoying the sunshine, floating above the cloud.

 

Yes, for Carry Traders, your season may be here…

 

YJ Baik – Forex.Today @ Tokyo