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NZDJPY Is Showing Weakness after RBNZ Kept Rates Unchanged

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NZDJPY Is Showing Weakness after RBNZ Kept Rates Unchanged


🚨RBNZ kept the interest rate steady at 5.50%, as expected.
After this decision, NZDJPY faced a strong sell-off and appreciated by nearly 88 pips

NZDJPY also confirmed a bearish wedge pattern showing further downward movement.

However, as I explained previously selling XXXJPY pairs carries a high level of risk.
They will begin the bearish wave only when BOJ intervenes in the market.


But with the current data, this is what NZDJPY is showing...a small bearish move.

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

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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