{"id":20915,"date":"2011-05-01T20:55:18","date_gmt":"2011-05-02T00:55:18","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20915"},"modified":"2011-05-01T20:55:18","modified_gmt":"2011-05-02T00:55:18","slug":"the-nzdjpy-setup","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/05\/01\/the-nzdjpy-setup\/","title":{"rendered":"The NZD\/JPY Setup"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/04\/NZDJPY-April-29-2011.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-8864 size-medium aligncenter\" title=\"NZDJPY - April 29, 2011\" src=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/04\/NZDJPY-April-29-2011-300x161.jpg\" alt=\"\" width=\"300\" height=\"161\" \/><\/a><\/p>\n<p>The New Zealand dollar increased its value by 20% against the Japanese Yen (NZD\/JPY) from 55.00 to 66.00 in less  than a month. Afterwards it started consolidating sideways as seen in  the 4-hour chart above. In the process, there could be a bullish setup  particularly a 1-month symmetrical triangle forming which could propel  this forex pair to rise once more. Upon breakout from the said pattern,  my target price is set to 68.50. I got this by adding the triangle&rsquo;s  size to the possible breakout point. In case this pattern breaks down,  the immediate downside could be 64.50. Then after that, 62.65 could be  the next support. <\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The New Zealand dollar increased its value by 20% against the Japanese Yen (NZD\/JPY) from 55.00 to 66.00 in less than a month. Afterwards it started consolidating sideways as seen in the 4-hour chart above. In the process, there could be a bullish setup particularly a 1-month symmetrical triangle forming which could propel this &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/05\/01\/the-nzdjpy-setup\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The NZD\/JPY Setup&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20915","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20915"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20915\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}