NZDJPY Will Move Lower! Sell!

2024年9月25日

Please, check our technical outlook for NZDJPY.

Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 90.996.

Taking into consideration the structure & trend analysis, I believe that the market will reach 90.447 level soon.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!

2024年9月26日

交易結束：目標達成

That was an excellent trade and the target was reached too!