NZD/JPY | Price action trading by Keon Consultancy

NZD/USD shifted trend to bullish on H4 after gains of Friday. Today's price action stayed bullish in initial hours, so H4 is more likely to be closed as a bullish candles and hence MACD trend is more likely to remain bullish. NZD seems to be filling the gap.

Having scene the scenario of JPY as explained in USD/JPY analysis, we decided to trade NZD/JPY. The pair has recently been trading in range inside Bollinger band, so an upswing is likely to take place. We entered after price action of initial two hours of today. The screenshot displays exit and entry points.

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