NZDJPY has made a bullish exit, potential for strong rally!

١٢ مارس ٢٠١٨

NZDJPY has made a bullish exit of our descending channel and could rally strongly from here. A strong rally could occur above major support at 77.66 (Fibonacci retracement, horizontal overlap support, breakout level) towards 79.24 resistance (Fibonacci retracement, horizontal overlap resistance).

RSI (89) has made a similar bullish exit signaling a change in momentum from bearish to bullish.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.