DeGRAM | NZDJPY bearish opportunity

415
NZDJPY is in an ascending channel. However, the price broke and closed below the level at 83.200. 

The market is printing build-up near the channel border and support. Most likely, price action is going to breakout and go down 

We expect a breakout of the ascending channel, which is essentially where price is coiling up before expanding.


-------------------

Share your opinion in the comments and support the idea with like. Thanks for your support!

Disclaimer

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.