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DeGRAM | NZDJPY bearish opportunity in the channel
New Zealand Dollar / Japanese Yen
Short
DeGRAM | NZDJPY bearish opportunity in the channel
By DeGRAM
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Sep 7, 2023
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Sep 7, 2023
NZDJPY dropped from the resistance in the descending channel.
Price broke and closed below the 87.000 psychological level. The market is pulling back to retest it.
We expect a bearish move from the confluence zone where we have resistance, a fibo level of 61.8%, and dynamic resistance as well as a channel border.
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Chart Patterns
nzdjpyanalysis
nzdjpysignal
Support and Resistance
Trend Analysis
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