NZDJPY - Near Key Resistance Zone. Time to Sell? | Jun 5


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NZDJPY – Pulling Back Towards Key Resistance (Daily chart)

Price Action Context

On the 13th of May, NZDJPY cleared a LT key support zone followed by a 2-3 week correction before selling picked up again. After putting in a ST bottom + reversal around 70.70, price is now closing in on the broken LT support, now acting as resistance. If bears can defend this resistance zone successfully, a bearish …

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