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 - EconoTimes)
- Our previous call (http://www.econotimes.com/FxWirePro-NZD-JPY-price-action-capped-below-strong-trendline-resistance-at-7670-good-to-go-long-on-breaks-above-185604) has hit all targets.
- Cloud top at 78.16 is strong resistance for the pair. Further upside can be seen on breaks above.
- Technicals indicators on daily charts support further upside. Break above 78.16 could see test of 78.80 and then 79 levels.
Recommendation: Book partial profits, raise trailing stops to 77.30, target 78.80/79.
