NZDJPY: Classic Range Trading🇳🇿🇯🇵

Short

New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)

OANDA:NZDJPY New Zealand Dollar / Japanese Yen

Parallel Channel Rectangle Double Top or Bottom NZDJPY priceaction priceactionanalysis priceactiontrading priceactionstrategy newzealanddollar

parallelchannel rectangle doubletoporbottom nzdjpy priceaction priceactionanalysis priceactiontrading priceactionstrategy newzealanddollar

snapshot

NZDJPY is trading within a wide horizontal trading range on a daily.
The price was stuck on its upper boundary for 2 weeks.
A double top pattern was formed.

The price has successfully violated its horizontal neckline last week.
I believe that the pair may go lower.

Goals: 82.4 / 81.6

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