Hello.
Welcome back from the weekend and another week of trading.
Let’s bring back something we looked at last week on the NZD/JPY.
We said that there was a potential bottom on the daily chart and now we’re headed up into a correction. We looked at the hourly chart and drew in a nice trend line where the currency is currently hovering around.
Look for a potential continued move up. We are midway through the Asian session so you may see some pushes down lower but look for the overall short term trend to be bullish.
Remember that this pair moves fast so be sure to put your stops in and apply your money management.
Good luck.
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