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NZD/JPY reversed from support zone

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  • NZD/JPY reversed from support zone
  • Next buy target - 77.50

NZD/JPY recently reversed up from the support zone lying between the key support level 76.20 (which has been reversing the price from the middle of November) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star. NZD/JPY is likely to rise further toward the next buy target at the next resistance level 77.50.

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