Does the NZD/JPY will go short when the markets open on monday!? I see there is a hard point where is close at to break I think the NZD/JPY will going short! Please help me to analyse this pair cause I already have a short position on this trade at day chart
I do not like any trade that is bullish the Yen right now. I think JPY will continue to get weaker and weaker. Prices have consolidated the past couple days, but that is normal with the large move that JPY pairs have seen. Short NZD/JPY is a no-go IMHO.
Good luck!
XIV