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NZDJPY: Big Move cements Strong Up Trend

Overview on the higher time frame

Support seen on Weekly charts of NZDJPY

Support seen on Weekly charts of NZDJPY

  • Price is currently above supports
  • Previous year showed a strong bullish expansion with no change to that sentiment.

So, what now?

Week to Week price is still up for NZDJPY

Week to Week price is still up for NZDJPY

  • On H4, we can see that week to week, price is still plotting up.
  • Previous week was a bullish expansion over 3 H4 boxes high which meets a Big Move criteria.
  • At the moment, we are waiting for the formation of pt4 which could likely retrace to previous boxes highs.

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4 thoughts on “NZDJPY: Big Move cements Strong Up Trend”

  1. Joe Primus Kayau says:

    Thanks for the reply Jerome.

  2. Chen Wei Keith Hwan says:

    Hi jerome, spotted a inverted hammer on H4 after the Big Move. Do you think a reversal is possible?

    1. Jerome Lee says:

      Hi Keith,

      For reversals, look out for chart patterns as a first sign. In the absence of chart patterns it is unlikely there is going to be a reversal.

  3. Chen Wei Keith Hwan says:

    ok thanks

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