BKSWING – New NZD/JPY Order, CANCEL EUR/AUD

***CANCEL EUR/AUD Sell Order

JPY crosses are on the move this morning and with next week’s big event risks for the US and Japan, we believe that there could finally be a continued breakout. In Japan, the consumption tax is poised to increase on April 1st and in the U.S. we have ISM and NFPs. We have chosen to sell JPY versus NZD because New Zealand has business confidence and building permits due for release on Sunday and there’s a general upward bias in the currency. The pair will also be affected by the moves in USD/JPY.

Place Order to Buy NZD/JPY at 89.27


Stop 88.67

Close half at 89.57 move stop to b/e

Close rest at 92.75
Swing

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