Next Bear Break Could Be Big
NZDJPY has been in a fairly steady downtrend for a long time, and recently started to fall after retesting a long term trend line on the weekly charts.
If the lows break the next support is 63, and if this breaks 50 - 45 area for next targets. This is a huge percentage drop on this with its current price at 70.
If the lows break the next support is 63, and if this breaks 50 - 45 area for next targets. This is a huge percentage drop on this with its current price at 70.
注释
This is looking weak as it gets under 70.注释
Probably will find support 69.80. I expect a bounce there.
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