NJ_chart 08.12NZD/JPY (H1) price slowly climbs upwards. Traders waiting for a correction and opportunity to join the trend got one already. Quite strong corrective move took the cross price near the lower limit of our channel. There was a little rebound so far, which may become a broader one during today’s session.

NJ_screen 08.12

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Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.