On the four-hour chart of NZDJPY, there is a great opportunity to Buy. Since 13 February the price has been gently rising around the support from the daily chart. The Kijun line works very well as additional support. An upward bounce from it is now taking place. If the current candle closes as a bullish candle, this will be the ideal moment to enter a long position.
It is easy to achieve an appropriate risk/reward ratio. The stop loss can be set at 75.40 under support, and the Take Profit on the next resistance from the daily chart at around 78.80. The price returned in this region at the beginning of December. To open a position I recommend the Naga Markets broker, who offers over 750 trading instruments and low spreads.
