top of page
Search

NZD/JPY | Oct 3, 2019

Writer: KeonConsultancy.comKeonConsultancy.com

If you have read my previous analysis of USD/JPY, you know that stop grabber has been accomplished as USDJPY penetrated low of Sep 24. Now USD/JPY may pull back. Profit taking from sell positions (closing sell of USD/JPY) by many traders and fund managers ahead of NFP, will also help it.

Meanwhile NZD gained as you can see on NZD/USD and it seems to be changing trend today.


Note that I analyze USD/JPY and NZD/USD to determine trade setup on NZD/JPY because the two are more popular than NZD/JPY.




Technical things on NZD/JPY suggests a buy stop order.

It will be either closed at TP (2.0 pips below FIB38.2 on NZD/JPY) or if FIB61.8 on NZD/USD will be hit before FIB38.2 on NZD/JPY, I will close it manually.




 

Recent Posts

See All

Gold (XAU/USD) trading plan

Return from psychological level of 3000 may give us a trading opportunity in Gold. Buyers may be taking profit and getting out, which may...

2 Comments


Keon Consultancy
Keon Consultancy
Oct 12, 2019

Trade was accomplished last week at TP.

Like

Keon Consultancy
Keon Consultancy
Oct 03, 2019

I suspect that today's impact of US Non-Manufacturing ISM report may be short lived and USD/JPY may pullback to upside ahead of NFP.

Like
  • Facebook Social Icon
  • Youtube

© 2010-25 by KeonConsultancy.com

 

 

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

 

Past performance is no guarantee of future results. Your capital is at risk in Forex & CFD trading.

bottom of page