mkumar2294

NZD/JPY POSSIBLE SELL OPPORTUNITY

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZD/JPY FOLLOWING DOWNTREND FROM A VERY LONG TIME. PRICE IS ALSO BELOW EMA200 AND ACTING AS A RESISTANCE. NOW FIRM RESISTANCE IS SEEN AROUND 65.736. AND GOOD SUPPORT IS SEEN AROUND 63.093. FIBONACCI LEVELS ALSO SHOWING THIS RESISTANCE AND SUPPORT ON ITS ONE OF THE PLOTTING POINTS. SO NOW PRICE CAN BE SEEN RETRACING TO RESISTANCE LEVEL OF 65.736 AND THEN GOING DOWNWARD TOWARDS SUPPORT LEVEL OF 63.093 AND FURTHER TARGET AREAS.

ENTRY - BELOW 65.736
SL - AROUND 66.547
TP1 - AROUND 63.093
TP2 - AROUND 61.861