NZDJPY: Bearish Outlook Explained 🇳🇿🇯🇵

أول أمس

I spotted one more example of my breakout trading strategy.

NZDJPY broke and closed below a key daily horizontal support.
Retesting the broken structure, the price formed a horizontal range
on an hourly time frame.

A breakout of a support of the range is a strong intraday bearish signal.

We can expect a down movement at least to 87.1 level now.

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