NZD/JPY: POSSIBLE BREAK OUT

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Hello Traders!

Regarding NZD/JPY, we can note that the two indicators used to analyze this currency pair are good:
- MACD line is ABOVE the SIGNAL line -> uptrend incoming
- RSI shows no overbought signals
- Huge bullish candle confirms our bullish thoughts

I think that the price will break out and touch the new resistance. We cannot exclude a further increase so keep an eye on it!

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Please, maintain proper position sizing and risk management!

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