NZDJPY: Bearisdh Breakout Short
Price broke out of the rising wedge pattern to the downside.
As you can see, the RSI indicator is also in the oversold territory.
I believe we might see a pullback to test the overlap resistance zone which also aligns with the 50% Fibonacci retracement.
From where I would be anticipating a bearish rejection driving price to the 1st support level
As you can see, the RSI indicator is also in the oversold territory.
I believe we might see a pullback to test the overlap resistance zone which also aligns with the 50% Fibonacci retracement.
From where I would be anticipating a bearish rejection driving price to the 1st support level
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