$NZDJPY- near top?

Currently weare at 80.28. A couple ofdifferent scenarios.  1:  bullish: a move to the upper day charttrend line @ 80.50 area) and break out we will look to the R6/1.270 Fibo @81.13.  2: Bearish : A break down here or at the trend line would set up anice correction to the 79.06 area.  The average daily true range (ATR) forthe pair currently is 116 pips.

Posted to Introduction to Forex Targe… on Jul 25, 2013 — 9:07 AM
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