NZDJPY: Bearish Continuation 🇳🇿🇯🇵

Short

New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)

OANDA:NZDJPY New Zealand Dollar / Japanese Yen

Multiple Time Frame Analysis Parallel Channel Rectangle priceaction priceactionanalysis priceactiontrading priceactionstrategy newzealanddollar jpy yen Contains image

mtfa parallelchannel rectangle priceaction priceactionanalysis priceactiontrading priceactionstrategy newzealanddollar jpy yen containsimage

snapshot

NZDJPY has recently reached a major horizontal supply zone on a daily.
The price was coiling on that for many days, forming a horizontal range on 4H time frame.
Its support was broken today.

I believe that sellers will keep pushing the pair.
Targets: 86.6 / 80.77

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