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Pabsgainz

NZD/JPY Short - Daily timeframe

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
Pabsgainz  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Support and Resistance Trend Analysis Fibonacci Technical Analysis overbought downtrend
3
0
supportandresistance trendanalysis fibonacci technicalanalysis overbought downtrend
Analysis started on the weekly timeframe, showing rejection off of the key daily level, with a loss in momentum.
Impulsive candle then showing on the daily timeframe however, unable to breakthrough previous resistance. RSI is nearing overbought conditions, and previous RSI levels of resistance.
Fib retracement, currently rejecting off of the 0.5 key fib level. Overall trend direction is to the downside.

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