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NZDJPY analysis

21.09.2021

Market Review

NZDJPY
The overall trend is upward. The support level of 76.60 held back sellers. Stochastic Oscillator signals oversold conditions. Probably, the descending wave pattern of the H8 level is a wave (B) of the ascending pattern of the D1 level has formed.

NZDJPY rate online: monitor the price movement in real time.


Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.
Stop Loss: 76.60.
Target levels: 77.92; 78.60.

Author: GC
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