NZDJPY Buy Opportunity

NZDJPY Buy Opportunity

New Zealand Dollar/Japanese Yen
FX:NZDJPY

DLavrov

The price bounces from the support zone formed by SMA50 and 79.20 support level . RSI confirms price reversal. MACD histogram supports possible upward movement. Pending orders for buy can be placed above 81.00 level with stop orders at 79.00 level. The profit targets can be 83.00 and 86.00 resistance levels.
Source: TW DLavrov

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