Technical analysis of NZDJPY.

NZDJPY Daily

Market is Heading towards ullish, as you can see 21 and 55 are heading towards crossing each other. Price is bullish as the 5 is above the 8. Stochastic is also at overbought. I am a bull on this trade so i what i predict will happen is that after reaching resistance at MR1/81.8490 and will come back down to support at MPP/ 80.0570 where i will buy the NZD before it heads up to profit taking at MR2/84.7840.

Source: MT4

NZDJPY H4

Market is bullish with the 21 being above the 55. Price is also bullish with the 5 above the 8. What i think will happen Is that price will come down to support at WWP/ 80.0290 where i will buy before it heads towards profit taking at WR2/ 81.8120.

Source: MT4

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