NZDJPY LONG
Fundamentals show a strong New Zealand dollar in relation to the Yen which is a risk-off currency.
Having that in mind, this is also a very good technical setup with a decent risk to reward.
I would always wait for a price action confirmation before entering the trade.
A swing trade profit target would be 80.5
Feedback appreciated.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.