Wednesday, October 30, 2013

NZDJPY May Retest October Highs Based On Positive Reversal Objective

NZDJPY has pulled back from nearly 84.00 a little over a week ago to 80.50/60, where it has found staunch support. This area sees the convergence of the 50-day sma 38.2% retracement of the August-October rally and just above there at 80.75/80 it sees the daily Ichimoku Cloud top.



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