NZDJPY currently shows potential for a decline, as the price has failed to form a higher resistance level. Instead, it has created a new lower high, indicating a rising wedge pattern. This suggests a possible move back down to the support area, which has been set as the current target price level.
Recommendation:
Sell NZDJPY
Sell Entry: 86.923
Take Profit: 86.537
Stop Loss: 87.224
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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