I believe that Nzd/Jpy will rise a lot the coming weeks, as the RSI is strong and we find a lot of indicators providing support for a move up
First of all on the weekly chart we see that the RSI is a healthy 58+, and we can also see that latest Fibonacci retracement from last move up
has held at 38.2% - a strongly Bullish indicator if another large move up will start from here
If retracement has indeed held here, we can see throught Fibonacci expansion that the 61.8% expansion rate and first t…
First of all on the weekly chart we see that the RSI is a healthy 58+, and we can also see that latest Fibonacci retracement from last move up
has held at 38.2% - a strongly Bullish indicator if another large move up will start from here
If retracement has indeed held here, we can see throught Fibonacci expansion that the 61.8% expansion rate and first t…