NZDJPY Bearish Harmonic Pattern - Further Decline Expected
NZDJPY Bearish Harmonic Pattern - Further Decline Expected
On Friday, NZDJPY completed a bearish harmonic pattern at 89.26 and today, the price is resuming its downtrend.
Despite the Bank of Japan (BOJ) increasing interest rates by 25 bps from 0.25% to 0.50% on Friday, all XXXJPY pairs initially moved contrary to the hawkish news.
Today, however, the price is moving in the proper direction, aligning with the BOJ's decision.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
On Friday, NZDJPY completed a bearish harmonic pattern at 89.26 and today, the price is resuming its downtrend.
Despite the Bank of Japan (BOJ) increasing interest rates by 25 bps from 0.25% to 0.50% on Friday, all XXXJPY pairs initially moved contrary to the hawkish news.
Today, however, the price is moving in the proper direction, aligning with the BOJ's decision.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Note
NZDJPY down 60 pips
Trade closed: target reached
Note
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youtube.com/@TradingPuzzles
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.