NZD/JPY : Looking for a Retracement on a Consolidation point!!
Right now the pair is below the Weakly Support point
Overall the trend is in downtrend but it is on a consolidation
fase. The pair might retrace around 0.5 to 0.6 fib point
Before it decide it's new trend.
I will go long around 72.400
I will go for a short position if it cross
71.390
>>Take profit point if it goes long is around 0.5 to 0.6 fib point
>> Take profit point if it goes Short is around 69.563
on a monthly support.
Overall the trend is in downtrend but it is on a consolidation
fase. The pair might retrace around 0.5 to 0.6 fib point
Before it decide it's new trend.
I will go long around 72.400
I will go for a short position if it cross
71.390
>>Take profit point if it goes long is around 0.5 to 0.6 fib point
>> Take profit point if it goes Short is around 69.563
on a monthly support.