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NZD/JPY Signal - JPY Tertiary Industry Index - 16 Nov 2021

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Signal Details
Entry Price: 
80.550
Take Profit: 
82.00
Stop Loss: 
79.930
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZD/JPY is trending to the upside today prior to the JPY Tertiary Industry Index data, which indicates the domestic service sector in Japan such as information and communication, electricity, gas heat and water, services, transport, wholesale and retail trade, finance and insurance ,and welfare.

Technically the pair has formed an ABCDE descending wedge pattern on the 1h chart, and has held the daily support at previous structure / the 38.2% fibonacci retracement level. We anticipate continued upside into 82.00.

Submitted by Toni H. on Tue, 16 Nov 2021 01:50:27 GMT

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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.

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