NZD/JPY on the next leg lower
After a massive rally throughout November NZD/JPY is now poised to move lower. On 12/3 a Bearish Piercing Pattern formed with the fall from the 78.63 level. By taking out the low of 11/26 at 76.26 and breaking the 75.00 support/resistance level momentum is now to the downside. The first target is 73.00 assuming we finish the week below 76.50.
For more analysis, signals, education, and more sign up for Forex Forecast. It's free.
positionforex.com/join-forex-forecast/
positionforex.com/join-forex-forecast/
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.