Based on my Longterm Ichimoku analysis, NZDJPY remains one of the carry trades target. Thus, I would like to look for the next opportunity to buy this pair.

Daily chart shows this pair bounced up from 21EMA area, with the beautiful Stochastic cross up. Thus it is safe to assume this pair will go up for a while.

Hourly chart show the price already went up to DM4 area. Thus we should wait for a while until the next buy opportunity. My first buy zone is around Fib38.2% which is also Role-Reversal area. 2nd buy zone will be Fib50-61.8% area, which is another Role-Reversal area. For the entry, we should look for the reversal pattern on M15, as well as Hourly Stochastic being low enough.

YJ Baik

NZDJPY Daily Chart

NZDJPY Hourly Chart

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