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Nzd/Jpy has been the focus of attention for many traders now for the last couple of months - since it broke 80
There has been a very strong move up the last two years, as you can see on the monthly chart
and technical analysis points to a ultimate target of 92, after breaking of 86 area
Let's look at the monthly chart:
Just look at the fibonacci expansion here, I will clarify the rest in the weekly chart after this
The latest move up and recent retracement gives us a 61.8% Fibonacci Expansion ar…
There has been a very strong move up the last two years, as you can see on the monthly chart
and technical analysis points to a ultimate target of 92, after breaking of 86 area
Let's look at the monthly chart:
Just look at the fibonacci expansion here, I will clarify the rest in the weekly chart after this
The latest move up and recent retracement gives us a 61.8% Fibonacci Expansion ar…