Dear Carry Traders,

NZDJPY pair has been dropping today during Asian hours.

Good!  Let’s find the next BUY zones!

Below is Daily Ichimoku.  The next possible support seems to be Tenkan Lina (Red line) at 81.75.

2015-12-07_17-27-59-NZDJPY1

Also let’s analyze H4 chart.

2015-12-07_17-29-25-NZDJPY2

Here is the list of possible buy zones.

a) 21EMA (82.25 ish)
b) Fib 38.2% + Support + WPP (82.10)
c) Tenkan Line (81.75)
d) MPP + Role Reversal Support (80.80)

 

I hope you can catch the next buy opportunity.

 

YJ Baik – Forex.Today @ Tokyo

 

 

 

One thought on “NZDJPY Trade Setup (Dec 7)”

  1. Artem says:

    Thank you for analysis

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