As mentioned on the NZD JPY analysis Jan 24th. "if we fail to break through the 61.8% (76.000) we could be looking to more downside movement"
and that is exactly where are. we can be looking forward to more down side on this, pair re-testing the lows of 72.280, Due to the un-employment rates released Statistics New Zealand being higher than expected.
The...
Looking forward for this idea to play out in the same pattern as I've drawn. breaking & retesting KEY Fibonacci levels. so far we are off to a slow start, as this pair tends to range a lot.
over the past few day we've had a nice rejection of 74.480 area pushing towards the 61.8 Key level on the Fib. where is price is currently 76.100. a complete break through...
