NZDJPY forex technical analysis | Our expectations:
Breakthrough over the key diagonal of a sustained downward trend and the activated small flag of the last upward movement signaled for possible long positions with SL 76.55.
Multiple Bottom enabled formation - positive signal.
DeM Sequential has not worked - the movement is likely to continue further north.
The MA50 and MA200 are not yet in the bull formation but create a possibility for a "golden crossing" - a positive signal.
DeM (14) is not yet in overbought area, with a breakthrough over 0.7 likely to speed up the movement.
Entry now or after another small correction.
Alternative Scenario: Returning the price below the main diagonal of the downward movement can turn moods to a new shorts.
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