IM a bear on this pair due to my technically analysis
NZDJPY DAILY 25062047
Market is bullish and price is flat with an overbought stoch. Price is at our montly target which is MR2 81.1037 which is were we might see bulls take profit.As a bear im looking to sell this pair at my resistance at MR2.
NZDJPY H4 25062047
Market is bullish and price is bullish with a overbought stoch.Price has failed to reached our weekly target last week and also a higher high. As a bear im looking to sell at resistance 81.00 if price breaks my resistance .i would look to sell at 81.500.i will be looking for confirmation at my lower time frames to enter.
NZDJPY H1 25062047
Market is flat (ranging) and price flat with our stoch heading down.price is at our resistance top of the range 81.00 .i will be looking for price to make a lower low at my lower time frames and enter at lower high with a target of 80.274.