NZD/JPY is testing a resistance on downtrend
NZD/JPY since the beginning of August this year has stuck in a corridor with a lower limit of 72.40 and an upper one 75.40. At this time, the NZD/JPY is testing the strength of the upper limit of this corridor.
Given the fact that this pair is in a long-term downtrend, the possibility of going down is very likely.
The price bounced of the resistance area of 75.40/60 and is below the 200-day moving average. Considering the descending trend, quotes are not likely to leave the corridor upwards.
Trading recommendations:
Sell a pair from this level.
TP - 72.50.
SL - 75.90
Given the fact that this pair is in a long-term downtrend, the possibility of going down is very likely.
The price bounced of the resistance area of 75.40/60 and is below the 200-day moving average. Considering the descending trend, quotes are not likely to leave the corridor upwards.
Trading recommendations:
Sell a pair from this level.
TP - 72.50.
SL - 75.90
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.