NZD/JPY short
NZDJPY
INDICATIONS
1. Trend bias: price action above 200 ma but looks to meet 200 MA
2. Price action: strong rejection at daily resistance level, consecutive bearish candles with Daily candle closing at low. Next target at daily trend line
3. Indicators: RSi at oversold levels however heavy momentum downwards could force extended period at OS levels; Increasing bearish volume
OUTLOOK: BEARISH
NZDJPY
INDICATIONS
1. Trend bias: price action above 200 ma but looks to meet 200 MA
2. Price action: strong rejection at daily resistance level, consecutive bearish candles with Daily candle closing at low. Next target at daily trend line
3. Indicators: RSi at oversold levels however heavy momentum downwards could force extended period at OS levels; Increasing bearish volume
OUTLOOK: BEARISH