This is a developing story NZD/JPY is showing signs of bullish potential for a day trade. Bulls will look for a restest of the support structure for a run higher. NZD/JPY has made a move to the upside following a healthy correction of the hourly impulse. This gives rise to the prospects of further gains before the week is out offering a 1:3 risk to reward ratio (R/R) and high probability trade setup on the hourly time frame, administered and monitored from a 15-min time scale. Hourly chart The hourly chart shows that the price has made a concerted effort to the upside and has corrected in what could be the start of the next bullish impulse. 15-min chart There is a buy limit that needs to be filled if the price doesn’t just bolt, that will reward the position with a 1:3 risk to reward ratio. The stop loss will be moved to breakeven if there is a new support structure formed to the upside. More to come… FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Price Analysis: Bias remains bearish despite Thursday’s Doji FX Street 2 years This is a developing story NZD/JPY is showing signs of bullish potential for a day trade. Bulls will look for a restest of the support structure for a run higher. NZD/JPY has made a move to the upside following a healthy correction of the hourly impulse. This gives rise to the prospects of further gains before the week is out offering a 1:3 risk to reward ratio (R/R) and high probability trade setup on the hourly time frame, administered and monitored from a 15-min time scale. Hourly chart The hourly chart shows that the price has made a concerted effort to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
