Nzdjpysell
NZDJPY SellNZDJPY Sell
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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Tradewithsam
NZDJPY Market Outlook | Daily Forex Market BreakdownNZDJPY
Looking similar to NU pushing up and rejecting off residence nicely. Still a little bit to early to hop into shorts but it is looking really good we could see one or two final pushes to the upside before we roll over and melt down to 70.00 and possibly lower. Definitely on the watchlist for now.
Already sellingThe JXY (JPY Currency Index) started to show it's strength yesterday, meaning we could see further strength for the rest of the week. Paired with weak NZD I will sell this pair now.
Another confluence for me is the double top on the H1 and the fact, that it didn't move up higher like the NZDUSD did.
NZDJPY 1H SellNZDJPY 1H Sell
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
Tradewithsam
NZDJPY approaching support, potential for a bounce!
NZDJPY is expected to drop to 1st support at 69.322 where it could potentially react off and up to 1st resistance at 69.627.
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