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AlkalineFX
Aug 23, 2020 4:21 PM

NZDJPY - Looks Juicy 

New Zealand Dollar/Japanese YenFXCM

Description

I expect another bearish move to continue the trend. Once we break out of this small bearish flag formation we can expect an aggressive sell-off into the 68 region. If price wants to continue rising we will have a bias change and look for buys into the 70 region after re-testing the structure marked.

According to COT Data Source, 57% are short.
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