NZDJPY has been bullish for the last three days. The price has kept making higher highs. Moreover, today we have had a massive H1 candle to start with. All these equations suggest that the pair might go towards the North and make new higher highs. Let us have a look at the H1 chart of NZDJPY…
As we see on this chart that, the price started trending towards the North from 76.300. Then, it has kept making higher highs. The pair produced a huge H1 candle to start the day. The price seems to have found its resistance at 77.975. So far, it has produced five H1 corrective candles. At the time of writing this analysis, the price seems to find its intra-day support. If it starts going towards up and makes an H1 breakout, then buying the pair would get some green pips for the buyers. Let us have a look at the summary of the trade.
- Buy Stop Order: 77.975
- Stop Loss: 77.610
- Take Profit Target: 78.360
Federal funds rate to be declared today at GMT 18.00. This is one big news for the USD. This is why it is better to choose a pair, which is not a pair of the USD. NZDJPY looks good as far as the chart is concerned. Moreover, it is not a USD pair. Here is a one thing though, at the time of declaration, non USD pairs might get volatile as well. Here we have 12 hours to reach at our desired level.
You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.
We hope that you enjoy our Free Forex Trading Signal today: NZDJPY Free Forex Trading Signals – 3rd May 2017
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