The Japanese Yen is losing ground against almost all other currencies. In this case, the chart shows a strong resistance level. When it breaks out, you can open an order to buy this currency pair with a high probability that the price will reach our Take Profit. Therefore, you need to wait until the price can move higher before opening a position. The price and the MACD indicator are above zero levels, which indicates a growing trend for this trading instrument.
Symbol: NZDJPY
Order Type: Pending Order - Buy Stop
Entry Price: 79.20
Take Profit: 80.00
Pips Earning: 80
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