NZDJPY Potential Sell Setup on D1
The NZDJPY is having difficulties to break above the 76.50 level, forming what looks like a triple top pattern on the D1 chart.
The current price is also close to the 61.8% Fib level, which looks to hold so far. Note that we draw the Fibonacci retracement from 72.37, to avoid the flash-crash from January 3 to interfere with our analysis.
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The current price is also close to the 61.8% Fib level, which looks to hold so far. Note that we draw the Fibonacci retracement from 72.37, to avoid the flash-crash from January 3 to interfere with our analysis.
Like our charts? Please hit the "Like" button and feel free to join our Telegram channel -> t.me/CommaFX