Mihai_Iacob

NzdJpy can fall from resistance

Short
FX:NZDJPY   Dollaro neozelandese / Yen giapponese
Since October's high, NzdJpy has started a downtrend, at least in the medium term and after finding support in the 76 zone, the pair rebounded and has started to trade in a range.
Now we are in the resistance zone of this range, and a fall could follow.
A rise above 78.70 would negate this scenario and bears can have as target 75 zone
Also, a drop under 76 would confirm an H&S, and the long term target for this pattern is 70

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