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NZDJPY: Time for a breather
New Zealand Dollar / Japanese Yen
Short
NZDJPY: Time for a breather
By ASCENS10N
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Updated
Jan 29, 2021
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Jan 22, 2021
This pair has been on the relentless bull mode for the past few months.
It has come to a halt at the 75.00/75.30 supply zone.
I expect this pair to take a breather and return to the healthy uptrend line.
We should see the 72.40 level taken out soon enough.
NZDJPY Short
Entry is valid as long as price is below 75.00
SL: 75.60
TP: 72.40/70.70
Jan 29, 2021
Comment
Price briefly spiked above 75.00 this week but was met with a small sell down. The bearish view is still valid, but it may take some time to unfold.
Trend Analysis
ASCENS10N
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