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 NZDJPY: Double Top Forms

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fxpulsation



Posts : 8759
Join date : 2012-01-25

PostSubject: NZDJPY: Double Top Forms   Fri Mar 07, 2014 8:41 am



NZDJPY: Double Top Forms

The NZDJPY pair has been very active over the last week, as it strengthens heavily on the back of a rise in commodity currencies. While the focus has been on the NZ economy as of late with its stellar economic performance, Japan has slipped under the radar when it comes to the pair with its gradual fall.

Many analysts have predicted a more stable Yen, and given the recent safe haven crisis, it seemed it would make some sort of resurgence, but alas, there was no lack of pressure when it came to the NZJPY pair. Looking forward at the week ahead though, we could see something different
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