Today’s NZD/JPY Signals
risk at 0.5%
Trades may be entered at any time over the next 24 hours.
Trade 1 – short
• Sell NZD/JPY at or below 73.85
• stop losses should be placed just above the 75 handle
• take profit is 72.75
The NZD/JPY pair has been grinding lower over the longer term. Because of the attempt to break out but exhaustion by the end of the day, it’s likely that sellers will feel relatively confident in this trade. A breakdown below the bottom of the daily range is very bearish, and should continue the assault on the 72.50 support level below.