NZDJPY Technical chart | 07-Dec-2011

Below is the technical chart of NZDJPY currency pair with Doda-Donchian and ichimoku kinko hyo indicator. I’ve removed all the components of Ichimoku indicator except kumo.

After getting the buy signal from Doda-Donchian @58.38, it started its bull run to get the profit of 225 pips (at the time of writing this post). The major support levels at this point are 60.2339 and 59.914. If the price closes below these levels, take short positions.