Today's FOREX Trade of the Day was a long NZD/JPY position.
Buy: 85.36
Sell: 85.77
Notional Intraday Profit: +39 pips
Today's intraday Low of 85.33 was just below the 23.6% retracement of the 29 September Low of 84.33 and the 30 September High of 85.62, rendering the retracement level a profitable Entry Buy level.
Today's intraday High of 85.81 was just above was the 38.2% retracement level of the 25 September High of 88.14 and the 29 September Low of 84.33, rendering the retracement level a profitable Exit Sell level.
Further upside targets include 86.24, 86.66, and 87.24.
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