NZD/JPY

Hi there members,

I decided to start a thread about this specific pair. Fo today i would like to ear from you what you think about the actual price action.

I see a doble top in the 4h chart and in the daily, and slow stochastics starting to go south. The 51.23 spot price has managed to hold, even with EURJPY and other carry trades bursting to the upside.

Important data will be released late today, wich could set to a bigger drop. However NZDUSD action is somehow been published as bullish. If 0.5583 holds in there we should see a doble top there also. With stochs in overbought zone we could see action to the downside.

Please tell me what you see,

Greets from Portugal

I forgot to mention. This pair has briefly breached the MA21 but was unable to hold there and is already below it on the daily.

There has been alot of movement in this cross lately....anyone have any ideas as to why

Even though this cross pair is not a major it has had a great run....does anyone think that the pairs steam is going to run out and suddenly start retracting its gains for the week......im new at this so please be easy....lol

This pair has moved 0.4% so far this month. I can't find a pair that has moved less. What steam?

By the way, welcome to Forex Factory.

bump. i'm starting to trade this pair now. right now it can't seem to break 65.50. higher roll over too for this pair

thoughts

I traded this today for the first time. Took a short at 95.30, SL 95.80. I'm looking at a downward resistance on the 15m chart.

Nobody trading this? We could be seeing a breakout from the trend formed in October and onto the long-term trend

.
.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
..
.
.
..
.
.

.
.
.
.
.
.
.

my favorite pair... a bit too risky though


.............................................


www.deadcount.blogspot.com

http://1.bp.blogspot.com/_8texnURUcC...600/bforex.jpg

Any views re: possible H&S on Daily?

Jan 13 to Feb 8 (LS to RS) formation with NL @ 62.59.

If valid pattern: then 61.21 Target projection.

Comments from Gartley's, Fibs, Elliots &/or others.

D1 Looks overbought + divergence and support might become resistance , looking H4 for more accurate signals to short .

Closed short , looking for signals to enter the trade again .

NZD/JPY double bottom, hugely oversold, Possibility of JPY intervention at some point. Stop 50 pips down at 57.00 Targte at 60, maybe even higher at 62.50, great R:R.

If risk turns on we could see gains accelerate fast.

#180

#194

Targets -


http://imgs.su/tmp/2012-05-31/1338461529-575.jpg