NZDJPY: Where will the JPY goes after the Olympic?
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Finally, the much talked-about Japan Olympic has comes to an end. Where will the JPY goes after the Olympic? Taking into serious consideration of its wide-spread of the pandemic? and….. The going-to-be No.2 after his counterpart from the Southern Continent?
Technically, 1. NZDJPY’s prevailing Uptrend is still intact. 2. NZDJPY has retraced from its YTD High of 82.20 and developed a Bull Flag as it goes along. 3. Price faced strong support at the 76.00 area, consolidated and started to rise.
I am waiting for a Bullish Breakout.
(PS: Beware of other JPY pairs!)
Disclaimer: I am Bearish Bias about the JPY. However, “Trade at your Own Risk”!
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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.