💡Don't miss the great sell opportunity in NZDJPY

16. Aug. 2021

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (76.91).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 33.

Take Profits:
TP1= @ 76.17
TP2= @ 75.77
TP3= @ 75.26
TP4= @ 74.60
TP5= @ 73.94

SL: Break Above R2

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