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NZD/JPY Two Possible Scenarios by ThinkingAntsOk

New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
ThinkingAntsOk  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis NZD jpy NZDJPY short LONG analyisis
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trendanalysis supportandresistance mtfa nzd jpy nzdjpy short long analyisis
4H CHART EXPLANATION:


- Price is on a downtrend after bouncing at the Resistance Zone.
- It has now found Support at 70.00.
- We have two possible scenarios here.
- The long view, will be activated in case the Descending Trendline is broken to the upside.
- The short view, will be activated in case the Descending Trendline can not be broken.
- Will wait for price action confirmations before taking any position.

DAILY CHART ANALYSIS:

snapshot
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