NZD/JPY Daily time frame chart

Market news

18 December 2017

NZD/JPY Daily time frame chart

NZD/JPY is showing a slowdown of its last bullish movement.

On daily time frame chart, we can see that the price has broken the downside trend.

However, it didn't test the trend line so the price could go back close to that trend line again.

In this scenario, we can expect a slight correction of the price in order to start a new bullish movement.

European stocks closed: FTSE 100 +46.44 7537.01 +0.62% DAX +208.74 13312.30 +1.59% CAC 40 +71.28 5420.58 +1.33%

ECB bought a net 13.520 bln euros of assets in public sector purchase programme (QE) in week to dec 15 vs 16.205 bln euros week earlier

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