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VladimirRibakov

NZDJPY Short Term Sell Idea Towards Key Support Zone

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
VladimirRibakov  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis NZDJPY SELL Bearish Patterns bearishdivergence correction support bearishtrendpattern
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trendanalysis supportandresistance mtfa nzdjpy sell bearish bearishdivergence correction support bearishtrendpattern
H4 - Bullish rally followed by bearish divergence.

Currently it looks like a correction is happening.

Price still has room lower towards the key support zone formed by the 38.2% - 50% fibonacci retracement zone.

H1 - Bearish trend pattern.

Expecting further continuation lower in the short term until the strong resistance zone holds.
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