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NZDJPY (NewZealand Dollar/Japanese Yen) Currencies analysis

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
BitonGroup Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Fibonacci Economic Cycles Wave Analysis bitongroup NZDJPY newzealanddollar japaneseyen newzealanddollarjapaneseyen nzdjpyshort nzdjpysell nzdjpyanalysis
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fibonacci economiccycle waveanalysis bitongroup nzdjpy newzealanddollar japaneseyen newzealanddollarjapaneseyen nzdjpyshort nzdjpysell nzdjpyanalysis
Technical Analysis:

We can clearly see that the Bearish Divergence of Price and MACD has Started Forming in 6H time frame and it is one of the biggest signs that the bullish Trend is reversing and we can see some Price Correction on this Forex Instrument.
we have defined 2 Targets using the Fibonacci Retracement Tools which we have forecasted the Price to fall.
please check the Forecast dates and exact Prices.
Trade closed: target reached

Related Ideas

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NZDJPY Longing Chance 27/09/2021
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