NZDJPY seems to me a very good trade for the beginning of the week.
Bearish pennant in formation since the weekend with a neutral RSI, which is rather positive.
We can also see a nice rejection on the 0.38 of fibonnaci, which clearly indicates the bearish pressure.
With inflation numbers coming out this Thursday, MAY 12, we can expect a possible drop in the KIWI before reaching a major support near 78.
Bearish pennant in formation since the weekend with a neutral RSI, which is rather positive.
We can also see a nice rejection on the 0.38 of fibonnaci, which clearly indicates the bearish pressure.
With inflation numbers coming out this Thursday, MAY 12, we can expect a possible drop in the KIWI before reaching a major support near 78.