NZDJPY – SELL – 16th June 2020

NZDJPY – SELL – 16th June 2020 (Closed)

Good afternoon team,

Today we are looking at the NZDJPY. Markets have moved in a risk on mode however looking technically we see a potential move back towards the safe havens. Please read our full fundamental write up in telegram.

NZDJPY has broken a key trend line followed by a retest earlier this afternoon.

NZDJPY – 4 Hour Charts

We are now looking to enter a sell position expecting another leg lower.

Trade setup: SELL – Market execution, current price 69.60, stop loss 70.70 and take profit 67.10.

Stop loss: 110 pips

Take profit: 150 pips

Trade Setup
SELL - Market execution

Entry
69.60

Take Profit
67.10

Stop Loss
70.70