26 July: NZDJPY time to go short

Short

New Zealand Dollar / Japanese Yen (FOREXCOM:NZDJPY)

FOREXCOM:NZDJPY New Zealand Dollar / Japanese Yen

trendanalysis harmonicpatterns chartpattern nzdjpy nzd jpy nzdjpylong nzdjpyshort

Hi everyone, NZDJPY is holding below its daily resistance which lines up with the 78.6% retracement. On the H1 time frame, a test of its previous support-turned-resistance level at 77.048 which lines up with the 61.8% retracement, presents a good opportunity to play the drop. What are your views on NZDJPY?

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