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NZDJPY bulls regain control; Seeking buy setups above 88.65
The Kiwi Dollar was the strongest Major single currency yesterday across the board following yesterday’s final GDP coming in at -2.9% vs -1% expected. This saw NZDJPY produce a Bullish Engulfing Candle on D1 which had respected the previous breakout line to suggest a pivotal swing low has formed and for price to continue the bullish trend. We had previously highlighted the potential breakout on 16th June and yesterday's price action provides another opportunity to join the trend if the original breakout had been missed. Any retracements towards 88.60 could be used to seek bullish setups (assuming this level is ... (full story)
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- Jun 26, 2014 2:59am Jun 26, 2014 2:59am
- traderathome
- Joined Mar 2008 | Status: PVSRA with Traderathome | 1621 Comments
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- Jun 26, 2014 3:18am Jun 26, 2014 3:18am
- ritmorhythm
- | Joined Jun 2014 | Status: Member | 16 Comments
STAY HUNGRY STAY FOOLISH
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- Jun 26, 2014 5:10am Jun 26, 2014 5:10am
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
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- Jun 26, 2014 5:13pm Jun 26, 2014 5:13pm
- ThinkForex_MS
- | Commercial Member | Joined May 2010 | 21 Comments