NZD/JPY Scalping Opportunity

The NZD/JPY pair has been a great pair for scalping over the past week. It has mainly stayed within range. (30-40 pips) Traders were able to capitalize on the reversal signals released for this pair and comfortably made a profit by hedging the pair. In addition, as shown below Forex is an ideal market for hedging since many pairs are often negatively correlated and stay within a short range.

The View: