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NZD/JPY SHORT FROM RESISTANCE

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Dolar New Zealand / Yen Jepun (OANDA:NZDJPY)  
EliteTradingSignals  
OANDA:NZDJPY   Dolar New Zealand / Yen Jepun
Trend Analysis Chart Patterns Wave Analysis NZDJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis nzdjpy short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

NZD/JPY pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 85.598 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.

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Penafian

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