ZARJPY is in bearish trend within a LT (bullish) falling wedge reversal pattern. I do not think it is ready to break higher and I expect another large leg lower to retest the bottom of the wedge. Currently near resistance, it offers a great Risk Reward Ratio for a short.
Note
Daily view as of now
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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.