Good shorting opportunity, the strengthening of the JPY and weakness in NZD over the last 90 days, now including the break of the 200 sma and a break below and close below recent structure on the daily time frame it looks set for more downside.
With a strong zone of support and fib levels i expect a pullback due to profit taking and a retest of the previous recent structure before continuation down to the weekly trendline.
Apologies for the extremely busy chart
With a strong zone of support and fib levels i expect a pullback due to profit taking and a retest of the previous recent structure before continuation down to the weekly trendline.
Apologies for the extremely busy chart