Possible Long Entry NZD/JPY 22/12/2019

2019-12-23 03:49:26

1) Possible continuation of upward trend in the short term if the candles close above MA (9).
2) Possible continuation of the price between bullish channel.
3) Testing of the 78.6% level of Fibonacci is expected.
4) Stochastic in overbought zone, but with options to continue in this region due to possible upward crossing of signals.

Setup:
Entry= 71.760
SL= 70.594
TP= 73.245