I will be watching patiently to see how the situation develops with NZDJPY to short the pair. The price is currently at a strong monthly resistance. The last time the price was at this level was in July 2007, and I envisage that the price cannot break above this level on the first test.
My bearish outlook is further reinforced because the weekly candle closed bearish.
My first target is 94.000.
If you are a patient trader, you could target 90.000.
My bearish outlook is further reinforced because the weekly candle closed bearish.
My first target is 94.000.
If you are a patient trader, you could target 90.000.
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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.