Technical Analasys on NZDJPY for buy order
NZDJPY - Daily
Market on is currently bearish on the daily chart with the 21 EM being below the 55, Price has found resistance at the MM2 zone where bulls is looking to open their positions.
NZDJPY - H4
On the H4 the market is slowing and starting to go sideways where we've seen price respecting the WM2 area with price bouncing off the 78.300 level a couple of times.
NZDJPY - H1
On the H1 chart we see the market sideways, again showing price getting support at the 78.280 level, Price showing signs of bullishness with the 5 above the 8. to be conservative ne must wait for price to move up to WPP for a new higher high, to come down back to WM2 where you can have your buy order waiting. Stop loss below support @ 78.140, and profit target just below WM4 @ 80.120