What do you think about the NZDJPY?

Are you currently trading the NZDJPY? Because I’m thinking about longing it. There are two things that I like about the NZDJPY:

  • If you take a look at the long term charts, its clear that it was rejected from an important support level.
  • If we get a BOJ intervention, it will be on our favor.


Here is the 15M chart:

My trading plan:

Wait for a retracement to the short term support level (lower green level) and if it forms a significant pattern with upward pressure, I’ll be going long.

What do you think?

Trade Safe!

Raul Lopez
Forex Course


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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.