NZDJPY Bearish Harmonic Pattern - Further Decline Expected

٢٧ يناير

NZDJPY Bearish Harmonic Pattern - Further Decline Expected

On Friday, NZDJPY completed a bearish harmonic pattern at 89.26 and today, the price is resuming its downtrend.

Despite the Bank of Japan (BOJ) increasing interest rates by 25 bps from 0.25% to 0.50% on Friday, all XXXJPY pairs initially moved contrary to the hawkish news.

Today, however, the price is moving in the proper direction, aligning with the BOJ's decision.

You may find more details in the chart!
Thank you and Good Luck!

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٢٧ يناير

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٢٧ يناير

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