The JPYs bounced off supports last Friday, retaining Bullish momentum on Monday. The late NY and early Asian sessions saw some corrective moves . The current outlook remains Bullish, looking for Long opportunities.
The NZD/JPY bounced off from strong support at 76.00, and tested resistance at 78.400 levels. Currently, the NZD/JPY is completing its corrective move as it bounces off the Fib 38.2 level.
Intraday Traders: take long a bounce from Support levels.
Sardar Uddin
TradeCuts
www.tradecuts.com