NZDJPY Sell the 0.382 Break

This is a Weekly chart for NZDJPY
Probability : Short

Yesterday, the NZDJPY fell down over 100 pips, for some technical & fundamental reasons, I suggest to short :

1- No rate hike for the nzd.
2- After historic stocks falls yesterday, the yen looks to be a safe haven for investors.
3- Price at Important Fibonacci level 38.20% and it can continue lower from here.
4- Divergence on RSI.

Updates will be available later.

This is not a signal, it's just my opinion, Good luck

Trade attivo:

Daily Chart

Trade chiuso: obiettivo raggiunto: