Why NZD JPY is pulling back & setting up for another run!

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https://www.tradingview.com/x/Vhs4IolC/

NZD JPY broke out today in Thursday Asian currency trading.

But like anything in life......you need to take a breather....before setting up and running again.

We feel it has pulled back to a Fib level to attract more buying & with a tiny bit of luck but probably none required.... it will be on the move again.
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You can also clearly see where a bullish move was made when the yellow 9ema crossed above the blue 50ema in trading during today.
The currency pair is also getting support at the 50ema during its pullback.
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AUD JPY is getting some bullish momentum on the daily and weekly timeframes right now. It recently made deep fib level retracements and is now powering upwards to test the earlier high.
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Long positions were strong in Asia session today. But its momentum has been to the downside during Europe.
breakouttradingChart PatternscurrencytradingTechnical IndicatorslongtradeNZDJPYTrend Analysis

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