DeGRAM

DeGRAM | NZDJPY price divergence at the resistance level

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY broke out of the ascending channel. The market has reached the major resistance level and dropped.

The market formed an overbought condition at a major resistance zone and created a double top with divergence on the 4H chart. 

We expect the price to pullback to the psychological level at 88.000 and go down from there.


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