Possible short breakout on NZD/JPY

Short

New Zealand Dollar / Japanese Yen (FOREXCOM:NZDJPY)

FOREXCOM:NZDJPY New Zealand Dollar / Japanese Yen

Support and Resistance Trend Lines Parallel Channel breakout Forex trend

supportandresistance trendline parallelchannel breakout forex trend

NZD/JPY is on a strong downtrend since December 2018. Currently on fourth touch up of the trend line.

snapshot

Strong channel formed, possible short breakout.

snapshot

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