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New Zealand Dollar / Japanese Yen
Short

NZD/JPY - POSSIBLE SHORT ENTRY

By TradeItSimple
NZDJPY

The rate has climbed up and is now testing the two-and-a-half-year falling trendline resistance. The current level is also the former broken neckline of a completed head and shoulders pattern back from February.

I will be looking for selling opportunities on shorter time frames, however the stops should be based above the resistance area (81.00) and possible target - the major support level around 76.00.

- See more at: tradeitsimple.com/2017/06/nzdjpy-possible-short-entry.html
Head and ShouldersnecklineNZDJPYoldsupportnewresistancepolaritychangeTrend Lines
TradeItSimple

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