NZDJPY has formed a double bottom . now it is closer and closer to 1 April. It could be the beginning of Yen weakness. Bull start looking to Buy and stay on as long as possible to be on carry trade.

NZDJPY H4 ( 21 Mar , 2017 )

NZDJPY formed a double bottom and the price was supported at weekly central pivot WPP

NZDJPY ( 21 Mar , 2017 )

Entry time frame Bull waiting for higher high then higher low to buy about 79 SL 78.5 TP 80.

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About The Forex Analyst

Daniel is full time technical analyst for forex.today base in Singapore. He is specialize in Asian Mayor currency JPY , Aud and NZD.

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4 thoughts on “NZDJPY Trade Plan”

  1. adamp says:
    March 21, 2017 at 7:26 am

    I like it Dan, glad to see we think alike still 🙂 Dairy numbers out today should give us some volatility. Cheers

  2. Daniel Chan - Forex.Today says:
    March 21, 2017 at 8:42 pm

    Thanks adam 🙂

  3. Teboho Faro says:
    March 22, 2017 at 8:34 am

    Is it YEN strength or weakness?

  4. Daniel Chan - Forex.Today says:
    March 22, 2017 at 8:57 pm

    I am looking for Yen weakness . After Japanese company repatriation is over , more trader will sell Yen to fund their trade .

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