Technical analysis of NZDJPY

NZDJPY Daily

Market is ranging with the 21 above the 28, anglw of separation isn't a good one. Price is also flat. I am a bull so I am have bought at MM3/80.9530 expecting it to head towards profit taking at MR2/84.7840.

Source: MT4

NZDJPY H4

Market is also ranging at the moment with 21 and 55 flat. Price is also flat with 5 above the 8, but still flat. What i think will happen is that bulls will buy at WS1/81.0017 and head up towards WR1/82.9727, before coming back down to WM3/82.424 before heading towards profit taking at WR2.

Source: MT4

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