NZD/JPY Trading Analysis (08/10/2024)
The trend is ascending. The downward truncated wave structure ended with the breach of the sloping channel. The currency pair is trading in the range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at 90.813.
- Stop-loss at 90.106.
- Price targets at 91.900 and 92.250.
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