Bearish Trend Comming on NZD/JPY by ThinkingAntsOk

FX:NZDJPY   New Zealand Dollar / Japanese Yen
Daily Chart Explanation:

Price is clearly consolidating below the Support Zone on the Daily Chart . We consider that the movement is confirmed, however we need to see how the Weekly candle closes, because it will provide important information. The main target in the short term is the 1.618 Fibonacci Extension Level, since there is not a Support Zone in the Short Term. On the Long term, the target is the Weekly Support Zone explained on the Weekly Chart.

Weekly Analysis:

Thinking Ants.
A platform entirely created to improve Traders development.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out