NZD - BULLISH
1️⃣ RBNZ Governor Adrian Orr noted that the central bank is in a "sound position" to continue to meet its mandate amid the economic shocks from COVID-19.
JPY - BEARISH
1️⃣ Investors remained optimistic about a relatively faster US economic recovery from the pandemic amid the progress on COVID-19 vaccinations and a massive US fiscal spending plan.
2️⃣ Prime Minister Suga Yoshihide says he is considering extending a coronavirus state of emergency in the Tokyo region for about two weeks because of concerns that infections have not slowed enough and are continuing to strain medical systems in the region.
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Technical
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We are buying the NZDJPY on RBS + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ RBNZ Governor Adrian Orr noted that the central bank is in a "sound position" to continue to meet its mandate amid the economic shocks from COVID-19.
JPY - BEARISH
1️⃣ Investors remained optimistic about a relatively faster US economic recovery from the pandemic amid the progress on COVID-19 vaccinations and a massive US fiscal spending plan.
2️⃣ Prime Minister Suga Yoshihide says he is considering extending a coronavirus state of emergency in the Tokyo region for about two weeks because of concerns that infections have not slowed enough and are continuing to strain medical systems in the region.
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Technical
=====
We are buying the NZDJPY on RBS + above SMA 50 on the H1 chart.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: target reached
✅Close Manually At 78.000+25 PIPS
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.