Recently, we saw price breaking through the big figure 70.00 and now it's consolidating the gains below that level. Once momentum is gathered we will see a bearish leg which will complete a medium-term cycle of the pair.
Where to sell? We notice that price is shaping a harmonic bearish move which could possibly be a reliable sell signal for us. Stop loss would ideally be anywhere above 70.00 and profits are to take anywhere strong support is laying.
Where to sell? We notice that price is shaping a harmonic bearish move which could possibly be a reliable sell signal for us. Stop loss would ideally be anywhere above 70.00 and profits are to take anywhere strong support is laying.
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Bigger view of NZD/JPY
