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New Zealand Dollar / Japanese Yen
Short

NZDJPY: Preparing for Market Reversal

687
snapshot

NZDJPY reached a major weekly structure resistance.

On a daily the price set a lower high after a strong rejection from the underlined area.

Now the last resort for buyers is the area based on a major rising trend line and 77.0 horizontal support level on a daily.

A strong swing move will most likely initiate after its breakout.
Wait patiently and only then sell aggressively or on a retest.
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Chart PatternsjapaneseyenjpynewzealanddollarNZDNZDJPYTrend AnalysisWave Analysisyen

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Chart PatternsjapaneseyenjpynewzealanddollarNZDNZDJPYTrend AnalysisWave Analysisyen
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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.