FxWirePro: NZD/JPY trade idea
Source: FxWire Pro - Technicals / 18 Feb 2019 01:02:44 America/New_York
NZD/JPY chart on Trading View used for analysis
NZD/JPY Technical Analysis: Bias Bullish
- RSI strength at 62, bias higher
- Stochs and MACD show bullish momentum
- The pair is extending gains above 61.8% Fib at 75.25
- Price action has bounced off 100-DMA support
- Price has broken above 55-W EMA at 75.83
Support levels - 75.83 (55-W EMA), 75.43 (5-DMA), 75.13 (200-DMA)
Resistance levels - 76.32 (Dec 20 high), 76.83 (78.6% Fib), 76.86 (110-W EMA)
Recommendation: Good to stay long on dips, SL: 75.25, TP: 76.30/ 76.80
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