This pair has been on the relentless bull mode for the past few months.
It has come to a halt at the 75.00/75.30 supply zone.
I expect this pair to take a breather and return to the healthy uptrend line.
We should see the 72.40 level taken out soon enough.
NZDJPY Short
Entry is valid as long as price is below 75.00
SL: 75.60
TP: 72.40/70.70
It has come to a halt at the 75.00/75.30 supply zone.
I expect this pair to take a breather and return to the healthy uptrend line.
We should see the 72.40 level taken out soon enough.
NZDJPY Short
Entry is valid as long as price is below 75.00
SL: 75.60
TP: 72.40/70.70
Comment:
Price briefly spiked above 75.00 this week but was met with a small sell down. The bearish view is still valid, but it may take some time to unfold.