NZDJPY: Very Bearish Pattern

856
📉NZDJPY formed a cute head & shoulders pattern on a key daily/Intraday horizontal resistance.

A bearish breakout below the horizontal neckline indicates strong selling pressure and is a powerful bearish signal.

It is likely that the pair will continue to decline and potentially reach a level of at least 83.83.

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.