Analysis

NZD/JPY Reaches the bottom level, Good to Buy (or) Sell?

Market trading between the ranges in H1 chart.

NZD becomes too weaker on yesterday due to "RBNZ rate statement and Monetary Policy"

After the drop down of NZD pairs, Now NZD/JPY reaches the bottom level 77.80

Let's wait for the confirmation of Breakout (or) Reversal to make good profits on NZD/JPY.

Buy stop NZD/JPY at 78.20
Target 1 : 78.80
Target 2 :  79.50
Target 3 : 78.80

Sell Stop NZD/JPY at 77.50
Target 1 : 77.00
Target 2 : 76.50
Target 3 : 75.80

If anyone of the pending order hits, cancel another remaining order.


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