NZDJPY Will Move Lower! Sell!

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Snapshot
Please, check our technical outlook for NZDJPY.

Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 90.996.

Taking into consideration the structure & trend analysis, I believe that the market will reach 90.447 level soon.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!
Trade geschlossen: Ziel wurde erreicht
That was an excellent trade and the target was reached too!
Snapshot
Chart PatternscurrencyforecastForexNZDJPYSELLshortsignalsswingtradingTrend AnalysisWave Analysis

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