ProTradingNow
StraightForex

NZDJPY – Bullish, longs in play

Next week is going to be interesting, there are plenty of currency pairs reached a major Support or Resistance level, and most of them are being rejected from these levels…

This is the case of the NZDJPY, which traded in a bearish market in the previous three or four weeks, and now, apparently it is being rejected from a LT support level:

NZDJPY

NZDJPY

I don’t think there is much movement left today, as the market is about to close, but definitely the NZDJPY will be a cross to keep an eye open next week.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

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Raul Lopez

I've been trading the markets for more than 12 years. All my trades are based on price action. Check out my Coaching program, I can help you develop a system that helps you trade with better results.