The outlook for NZDJPY currently suggests a bearish bias. This downside potential is driven by a trendline reversal to the downside, which signals a possible continuation of weakness after the recent correction. Additional confirmation comes from a candlestick pattern and the formation of a swing high, both strengthening the bearish outlook.
Trading Recommendation:
- Sell NZDJPY
- Entry: 87.017
- Take Profit: 86.647
- Stoploss: 87.324
*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.
The best investment is an investment in knowledge. Start your journey to trading success with a Masterclass Trading Webinar every Friday. Join now!