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NZD/JPY: breakout imminent… but in which direction?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    As trading winds down ahead of the long Easter holiday weekend, most markets are going into consolidation mode with trading ranges narrowing down. But unlike the Western stock exchanges, the FX markets will remain open on Friday and next Monday. Volumes will most likely be on the thin side, but that doesn’t necessarily mean volatility will be low. In fact, because of the lower expected volumes, the potential moves may well be more pronounced than would normally be the case during news releases

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