NzdJpy is entering sell zone
Like all the Jpy pairs, NzdJpy was also affected by the BoJ verbal intervention and in this case, we have a drop of 300 pips.
After the sudden drop the pair started to recover losses and at this moment is approaching a strong sell zone.
Traders could look for weakness signs in this zone and the target could be set in the recent low zone.
Also, the 85.50 zone could offer a good target for swing traders
After the sudden drop the pair started to recover losses and at this moment is approaching a strong sell zone.
Traders could look for weakness signs in this zone and the target could be set in the recent low zone.
Also, the 85.50 zone could offer a good target for swing traders
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