NZD/JPY: Possible Short Entry
Martin Janson | Jun 19, 2017 07:34AM ET
NZD/JPY WEEKLY
The rate has climbed up and is now testing the two-and-a-half-year falling trendline resistance. The current level is also the former broken neckline of a completed head and shoulders pattern back from February.
I will be looking for selling opportunities on shorter time frames, however the stops should be based above the resistance area (81.00) and possible target - the major support level around 76.00.
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