Potential Buy Setup on NZDJPY

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Looking at NzdJpy on the daily timeframe, price has retraced back to the Weekly Support Level and bounced back to favor the buyers as we could identify some uptrend structure being formed.

Price just recently broke a Daily Significant Level, which helps the bullish bias that was initially set. I'll be patiently waiting for a strong bullish candle closure before thinking of placing any buy orders on her yet.

Penafian

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