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NZD/JPY Signal - JPY Foreign Bond Investment - 18 Mar 2021

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Signal Details
Entry Price: 
79.040
Take Profit: 
79.450
Stop Loss: 
78.550
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDJPY is trending to the upside following decreasing JPY Foreign Bond Investments, which show bonds issued in a domestic market by a foreign entity in the domestic market’s currency. This is bearish for the JPY. Technically he pair has broken above the 78.80 pivot, and we anticipate continued upside into the 79.450 pivot.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.