Bearish outlook on NZDJPY

٢٢ أكتوبر ٢٠٢١

Prices are facing bearish pressure from the resistance zone, in line with the 50% fibonacci retracement where we could see a further downside below this level. Ichimoku cloud and 34 EMA are showing signs of bearish pressure as well, in line with our bearish bias. A break below the 81.50 support area is needed to see further downside.