Opportunistic Wednesday presents us with NZD/JPY

Hello Traders,

Let’s hit the charts…

 

 

1. NZD/JPY

NZD/JPY spent some days getting comfortable between resistance level 71.211 and support level 69.972 after breaking out from a previous support level (71.211).

Today we see price already gathering momentum to start another bearish move to the next possible support level 68.889.

11 pm will determine how valid the breakout is.

 

What are your thoughts?


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