Trade Idea: NZDJPY Sell
Summary:
The Japanese Yen (JPY) is showing bullish momentum, supported by BoJ policy expectations, strong wage growth, and a weaker USD. This creates a potential sell opportunity for NZDJPY. Key resistance is at 17.00. Consider selling on rallies towards resistance, with a stop loss above recent highs to manage risk.
#ForexTrading #NZDJPY #JPY #TradingIdeas
Summary:
The Japanese Yen (JPY) is showing bullish momentum, supported by BoJ policy expectations, strong wage growth, and a weaker USD. This creates a potential sell opportunity for NZDJPY. Key resistance is at 17.00. Consider selling on rallies towards resistance, with a stop loss above recent highs to manage risk.
#ForexTrading #NZDJPY #JPY #TradingIdeas
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.
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.