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New Zealand Dollar / Japanese Yen
Short

Shorting NZDJPY

By Juan_fx_1
Updated
NZDJPY

Price approaching previous resistance. There is bearish divergence forming on the lower timeframe (1 Hour). Clearly overbought levels. Clear price rejection would be a great additional confirmation on this.
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Price at previous's weeks resistance and price are showing weakness at this level. Good place to short this has great risk:reward ratio.
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bearishdivergenceDivergencedivergencetradingForexforexalertsforexsignalsTechnical IndicatorsoverboughtresistancerejectionTrend Analysis
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