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AlkalineFX

NZDJPY - Looks Juicy

New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
AlkalineFX  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Technical Indicators Wave Analysis NZDJPY nzdjpyshort Technical Analysis nzdjpylong
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trendanalysis indicator waveanalysis nzdjpy nzdjpyshort technicalanalysis nzdjpylong
I expect another bearish move to continue the trend. Once we break out of this small bearish flag formation we can expect an aggressive sell-off into the 68 region. If price wants to continue rising we will have a bias change and look for buys into the 70 region after re-testing the structure marked.

According to COT Data Source, 57% are short.
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