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  • Sunday 13 January 2019

    NzdJpy Up Target Remains 81.320

    What a good way to end the week with most of our Trade positions running in good profits excluding AudChf which is expected to get back to profit as it stands at -10 pips as it slipped from profit zone.

    Most of the Japanese Yen Quote Cross pair are expected to reach new highs with UsdJpy reaching as far as 114.450 which is the trade we will be announcing soon in our Forex Groups.

    NzdJpy is heading up towards 81.320 as the market has made a false break into the previous trendline as it retested in during the last days of December leaving a very strong pin bar, the Pin Bar that formed on the pair shows the rejection of lower price levels as the market failed to stay at these lower levels and pushing back above the trendline which gives us more reasons to continue buying the pair.

    Sifiso Nkwanyana

    Author & Editor

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