We have a proper wolfe wave pattern in the NZDJPY pair. On the weekly, it has possibly completed a B downwave and is headed for a C upwave. Thus a target of 81 is highly possible. The strategy I follow on this is to buy all dips on the lower timeframe charts. So, wishing all a very happy June!!
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As is clear from the picture, the hourly wedge has broken upwards. So in the short term, I expect some upside move, may be of 100-150 pips. Seems to be a good trading bet. Happy trading.
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As we can see in the chart, EURGBP has broken down from the wedge and may provide an excellent short term sell opportunity on the rise. Hope to cash on it. All the best!
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