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TheForexClubFX
Jan 14, 2018 10:23 PM

NZD/JPY - Market Update - Further downside?  Short

New Zealand Dollar/Japanese YenFXCM

Description

NZD/JPY - Market Update - Further downside?

Previously on this pair we've seen a major 78.60% Fibonacci rejection (followed with a minor 61.80% Fibonacci rejection). Everything has been indicating for price to reach a Minor Support of 78.280 - 79.000.

Unless we break 81.500 that would give us a indication to continue up. But everything is leaning towards a potential trend-change for this pair.
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