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NZD/JPY currency pair analysis


The support level of 83.44 restrained the sellers. A downward truncated structure was formed, which was completed by the breakdown of the sloping channel. The Awesome Oscillator indicator has bullish divergence. An entry point "on the pullback B" is formed.

Trading idea:

Buy on the formation of an upward wave structure on the breakout of 83.92.

Stop-loss: 83.44.

Target levels: 84.74; 85.59.

Author: GC
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