Next Bear Break Could Be Big
NZDJPY has been in a fairly steady downtrend for a long time, and recently started to fall after retesting a long term trend line on the weekly charts.
If the lows break the next support is 63, and if this breaks 50 - 45 area for next targets. This is a huge percentage drop on this with its current price at 70.
If the lows break the next support is 63, and if this breaks 50 - 45 area for next targets. This is a huge percentage drop on this with its current price at 70.
Note
This is looking weak as it gets under 70.Note
Probably will find support 69.80. I expect a bounce there.
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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.