NZDJPY Daily Charts Analysis 13. August

NZDJPYcT_cs_1000721_NZDJPY_2014-08-13_20-36-02It looks like NZDJPY has hit its bottom for the time being. The recent decline from the top has been losing momentum and creating a slightly parabolic curve. Upwards is the resistance where i think price will go.

If you look at the top, price started falling down heavily from there. Starting from the center it has run into much more buyers then before. There are lots of spikes near the bottom, so i am waiting for this pair to rise to the resistance. I am anticipating for counter-trend buyers to bring it up to 87.5



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