Signal_Centre

NZDJPY - Selling the top of the range

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY is Bearish - We look to Sell at 66.08

▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Price action continued to range between key support & resistance (66.16 - 63.46) and we expect this to continue.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 66.08, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.

Stop: 66.25
Target1: 65.00
Target2: 64.50