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BoonHooi

NZDJPY - Also in a downtrend channel

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
BoonHooi  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
harmonicforex Support and Resistance Descending Channel NZDJPY
8
3
harmonicforex supportandresistance descendingchannel nzdjpy
NZDJPY has been in a strong down trend since the end of January.
Similar to the AUDJPY

Trade execution
I would want to take a with the trend trade, as in to go short.
Price just bounced off the bottom of the channel, I would look to take the trade at the top of the channel and the horizontal resistance at around the 76.90/77.15 levels

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BoonHooi
AUDJPY - Downtrend Channel
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