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Nzdjpysetup

Seeking Pips NZDJPY Short again NZD Sell JPY buy longHaving taken our last portion off the table last week during our anticipated low of the week which was made last Friday 16/03/23 we decided to add back half our original position size back at 82.500 early this morning UK time in anticipation of price trading below last Fridays low made on 17/03/23 We are initially targeting last weeks low. The low of the year made in the first trading week looks like a good target too. Also although our SL stop loss level on this trade is smaller and lower around 150pips from our initial trade thesis we do not plan on exiting this one early if price does end up trading above the daily high put in so far today, by adding only half of our original position size from last week we are using initial profits from last weeks trade. We will consider a reentry higher if a signal develops again later in the week. If that low fails and price doesn't reject it NZDJPY could really look to flush out. We remain BULLISH on JPY and so are looking at any weaker currency's to short against it. ======================================================================================================================= PLEASE DO SUBSCRIBE IF YOU APPRECHIATE THE WORK THAT WE SHARE ON THIS PLATFORM =======================================================================================================================
Short
by seekingpips
1
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days. However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS. Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 81.79 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at the 89.50 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
by benny_marshall
1
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days. However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS. Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 81.79 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at the 89.50 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
by benny_marshall
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days. However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS. Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 82.90 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. Anyway, after that, you can definitely BUY at 88.10 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
by benny_marshall
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days. However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS. Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 81.42 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. Anyway, after that, you can definitely BUY at 86.14 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
by benny_marshall
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days. However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS. Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 83.884 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at the 90.00 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
by benny_marshall
1