07.06.2021
The overall trend is upward. The bears tested the lower limit of the ascending price channel. The descending five-wave design ended with the breakout of the pivot. Stochastic Oscillator signals oversold conditions. The breakout of 79.05 will result in the formation of an ascending wave structure within the overall uptrend.
NZDJPY rate online: monitor the price movement in real time.
Trading Idea:
Buy above 79.05.
Stop Loss: 78.50.
Target levels: 79.70; 80.11.
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