NZDJPY – Price Action Corrective Phase, Bearish | Apr 23
NZDJPY – Corrective Phase On the Lows (1hr chart)
Getting hammered over the last two days dropping 2 handles in the process, the NZDJPY is in a corrective phase near the lows of the most recent move. I’m suspecting this will result in another leg down so am looking to short.
Downside the next key support level comes in at 89.15-ish while topside resistance comes up next at 91.18. Only a daily close above here negates the bearish bias ST.
Read my latest article What You’ll Learn From Trading Successfully.
Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.
Want to Learn Price Action Strategies for Trading Forex?
Sign Up for our Monthly Newsletter and Get our FREE E-Book