NZDJPY Best short opportunity in more than a month

2023年7月5日

NZDJPY hit the top of the 3 month Channel Up on a peak formation that's the same as the previous Higher Highs.

This is a prime candidate for a short position considering that the 1day RSI also displays a Bearish Divergence.

Sell and target the 1day MA50 at 86.750, even though the pull back can extend as low as the 0.618 Fibonacci based on the previous Channel Up pull back.

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