NZD/JPY Long Position - Trading Inflation Expectations
Technical Analysis
The trend line highlights the continuing downtrend. Bears will start taking profits at the key weekly 76.00 S/R level resulting in good opportunities for Long positions. All eyes on Q1 Inflation Expectations from the Reserve Bank of New Zealand on Friday 4th May.
Long Entry at 76.00
Take Profit set for 77.7
S/L at 75.4 below recent lows, safe stops supported by key weekly S/R level at 76.00
The trend line highlights the continuing downtrend. Bears will start taking profits at the key weekly 76.00 S/R level resulting in good opportunities for Long positions. All eyes on Q1 Inflation Expectations from the Reserve Bank of New Zealand on Friday 4th May.
Long Entry at 76.00
Take Profit set for 77.7
S/L at 75.4 below recent lows, safe stops supported by key weekly S/R level at 76.00