NZD/JPY: Strong Bearish Formation
📉 NZD/JPY has formed a well-defined head and shoulders pattern at a key daily/intraday resistance level.
A bearish breakout below the horizontal neckline signals strong selling pressure, reinforcing a bearish outlook.
The pair is likely to extend its decline, with a potential target of at least 83.83.
A bearish breakout below the horizontal neckline signals strong selling pressure, reinforcing a bearish outlook.
The pair is likely to extend its decline, with a potential target of at least 83.83.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.