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jgardere
Jan 14, 2018 6:49 AM

NZDJPY Short

New Zealand Dollar/Japanese YenFXCM

Description

Due to predicting NZD weakness, I see the bearish narrative continuing. Using bearish bias, price is currently settled on the 50 level on the Fibonacci after rallying last week. Price is also in a key level on the weekly chart. If NZDJPY still has bullish movements in it's immediate future, I see a sweet reversal at the 61.8 level which displays a stronger resistance stronghold.
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