NZD/JPY

[RVD Support 8]

This Thread is made for the discussion of NZD versus JPY
You can give here forecasts, explanation about the market And Technical Analysis.

[topman]

NZDJPY,H1
Date 2013.06.26
Time 09:00
------------------
R3 77.3177
R2 76.6853
R1 76.3197
Pivot 75.6873
S1 75.3217
S2 74.6893
S3 74.3237
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Pattern : Triangle.
Description : This pair manage to stand above pivot point and the center line of trend tunnel (magenta line).
Expectation : The price will reach to challenge upwards barrier on 76.054.

[saiansh23]

pair is taking the shape of contracting ending triangle with a break above 76.70 will certainly test 78.80 which will be enough for the bottom to be place
But we need a break below 75.00 for the correction to extend towards 72.50 and that would certainly be the bottom for the pair and short entry would be
triggered with stop around 76.10 so very high probability trade is here so wait and watch what the pair does
Regards

[topman]

A bullish trending is detected on this pair and a pullback from the trend line will trigger the price to challenge 77.128 again. In case the price move downside and breakout trend line plus barrier 76.367 then it will meet support 75.906 or 75.240. A trend tunnel slope is still showing a strong bullish trend here and it would be better trades to follow the trend.

[topman]

Since the trend tunnel slopes is still move upside then we can continue a bullish setup for today's trade. So far, the price is consolidate on the box range between 77.128 and 77.599. For a short term target can be use @77.599 but for the long term target is expected at 78.360. At the other hand, a breakout of 76.774 will trigger nzd/jpy become bearish trend.

[topman]

The trend tunnel is still showing bullish trend here, and the price is still hunting 77.599 or 77.881. If the price can breakout 77.881 then it would be increase to challenge 78.361. At the opposite direction, if the price breakout 77.007 then it would be decline to 76.367 again. Please trade with the proper money management for this pair because it much volatile here.

Chart :

[sadikmoh]

Pair is in a corrective wave is very strong.Now faces resistance at 79.716 that was broken will wait Fibonacci 50.0.The fracture was also above shutdown await the 61.8 Fibonacci retracement level.This is for the purchase.
The sale will be at the close below 79.716 resistance candle every day. With the goal of 38.2 Fibonacci

[ispgamer]

confirmation for strongly bullish since upward up kumo is becoming thicker which are supported by upward tenkan sen and kijun sen beside bending upward of chinkou span are becoming strong signal for bullish which make bullish bars heiken ashi are still moving upward as bullish above 80.05