Tycoon

NZD/JPY Down she goes to 88.327!

FX:NZDJPY   New Zealand Dollar / Japanese Yen
With a bearish engulfing confirming reversal on the daily and a pull back to theT.L confirming a lower low and a possible shooting star formation the 4hr is looking promising for a drop down to 88.327 in between the 38% and 50% retracment and above a previous demand zone for a safer exit.

After a shooting star on the 4hr and forming lower highs and lower lows with bearish harmonics inside a bearish channel the current price can drop from a supply zone which is also in confluence with 76% and STOCH indication over bought. Possible double top still in play too.