Traderscope

NZDJPY: Rebound triggered on downtrend line

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
The pair has tested the trend line around 77.70 last friday. According to the chart we can expect a bearish reversal at least until 76.50 then 76.00. The strategy will be invalidated if the price goes above 77.75.

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