NZDJPY - Bearish Bias

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🇳🇿NZD - Strong Bearish
1️⃣ The surge in Delta variant COVID-19 infection cases in the Asian region is pressing the prospects for economic recovery.
2️⃣ Gloomy market targets are causing investors to stay away from high-beta currencies like the NZD.

🇯🇵 JPY - Strong Bullish
1️⃣ A risk-off market environment supports demand for safe-haven currencies such as the JPY.

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Technical
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We are looking to sell the NZDJPY at SBR + below SMA 50 on the H1 chart.


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Risk to this trade
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Any change in sentiment could turn the pair's direction.

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تم فتح الصفقة

PENDING ORDER TRIGGERED