linofx1

NZDJPY: Bearish Continuation Now Confirmed?!

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
I am observing the NZDJPYJPY pair and believe there are clear indications of a bearish trend continuing on the 4-hour time frame.

A significant head and shoulders pattern has formed, with both the neckline of the pattern and a rising support trend line being breached.

I predict a downward movement in the near future with target levels at 90.19 and 89.92.

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