NZDJPY Bearish Harmonic Pattern - Further Decline Expected

1月27日

NZDJPY Bearish Harmonic Pattern - Further Decline Expected

On Friday, NZDJPY completed a bearish harmonic pattern at 89.26 and today, the price is resuming its downtrend.

Despite the Bank of Japan (BOJ) increasing interest rates by 25 bps from 0.25% to 0.50% on Friday, all XXXJPY pairs initially moved contrary to the hawkish news.

Today, however, the price is moving in the proper direction, aligning with the BOJ's decision.

You may find more details in the chart!
Thank you and Good Luck!

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1月27日

註釋

NZDJPY down 60 pips

1月27日

交易結束：目標達成

2月7日

註釋