NZDJPY at key resistance level

NZDJPY is at key horizontal and trendline resistance area. Stoch is now signalling overbought, although there could still be a little more upside. I think movement is on pause pending today's BoJ rate announcements, which are expected to be unchanged. A similar pattern is occurring on AUDJPY which as of this morning, had already made a fairly good move down.

Pesanan dibatalkan:

Closed because NZD pairs have been rallying. I should have looked more carefully before closing. Had I have drilled down to the 1hr and 4hr charts, it was clear that price could be about to move lower.

I closed the trade at 09:17 and price started to move at 10:00.