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NZDJPY

NZDJPY - Short active ✅Hello traders! ‼️ This is my perspective on NZDJPY. Technical analysis: Here I expect bearish price action as we can see that price filled the 4H old imbalance and rejected from bearish order block + institutional big figure 87.000. Fundamental analysis: Next week we have news on NZD, will be released Cash Rate, that was forecasted to increase with 0.25%. Pay attention to the results, in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
1
NZD/JPY gains traction on positive risk toneThe NZD/JPY pair has seen a moderate uptick on Monday, with the Kiwi currency gaining some ground against the Japanese Yen. However, the current upward momentum of the pair lacks significant bullish conviction, indicating some underlying uncertainty among investors. A positive risk tone in the market has been a key factor driving the NZD/JPY pair higher. The decline in the safe-haven US Dollar (USD) has also helped boost the NZD appeal as a risk-sensitive currency. This sentiment has been supported by a generally positive tone around the equity markets, as investors seem to be shrugging off concerns around rising inflation and potential tapering by central banks.
Long
by DAY_PROFITS
10