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New Zealand Dollar / Japanese Yen
Short

NZDJPY: Preparing for Market Reversal

By VasilyTrader
snapshot

NZDJPY reached a major weekly structure resistance.

On a daily the price set a lower high after a strong rejection from the underlined area.

Now the last resort for buyers is the area based on a major rising trend line and 77.0 horizontal support level on a daily.

A strong swing move will most likely initiate after its breakout.
Wait patiently and only then sell aggressively or on a retest.
Chart PatternsjapaneseyenjpynewzealanddollarNZDNZDJPYTrend AnalysisWave Analysisyen
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