๐กDon't miss the great sell opportunity in NZDJPY
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (86.390).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 37
Take Profits:
TP1= @ 85.590
TP2= @ 84.780
TP3= @ 84.230
TP4= @ 83.580
TP5= @ 82.770
SL: Break Above R2
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