APosner
Short

NZD/JPY on the next leg lower

FX:NZDJPY   New Zealand Dollar / Japanese Yen
After a massive rally throughout November NZD/JPY is now poised to move lower. On 12/3 a Bearish Piercing Pattern formed with the fall from the 78.63 level. By taking out the low of 11/26 at 76.26 and breaking the 75.00 support/resistance level momentum is now to the downside. The first target is 73.00 assuming we finish the week below 76.50.

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