Trade of the Day NZDJPY

NZDJPY is testing the upside resistance confluence

 

NZDJPY is testing an upside confluence of the resistance 77.50-77.90 zone. A confirmed break above this zone is required for the upside breakout and a continuation higher.  Rejection from here and a break below  76.10 will lead to a downside reversal and a bigger pullback.

Note: you can enter the long trade entry upon a break above 78

 

NZDJPY price action trading strategy

 

 

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