Small moves so far but looks promising as we head into the new week .

The next hurdle to overcome is the 38.2% of the November high-lows (blue area) at 78.15. We could expect a little consolidation around this level.  A sustained push and hold above this area is needed for this move to really take hold .

NZDJPY-H1

 

Here’s a wider view from the 4 hourly chart below. Plenty of upside potential with the 61.8% of the September highs – November lows the next target ( yellow band) at 78.65

 

NZDJPY-H4

Best of luck with your trading this week .

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

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