NZD/JPY Analysis


Let’s pull up the NZD/JPY chart.

The longer term trend appears to be bearish but you can see we’re currently in a bullish short term trend. Look for a potential move up to the 66.50 – 66.00 area. Once the movement up is complete, look for the pair to potentially move back down to test the 65.00 area and below.

Good luck with trading.

For 2011:

• +5,327 long term pips
• +1291 pips short term trades
• +50-100 pips per week average on quick trading

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