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nzdjpy short analysis

Short
New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)  
The_Pip_Trader  
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Chart Patterns NZDJPY nzdjpyshort breakandretest Weekly Charts Daily Charts 4h 1h 618 Fibonacci Retracement
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trendanalysis chartpattern nzdjpy nzdjpyshort breakandretest weekly daily 4h 1h 618fibonacciretracement
NZDJPY
Break below 89.640 weekly support and price made a retest at what is now 89.640 weekly resistance. a bearish engulfing candlestick on the 4h and 1h is confirmation to go short. Also the 61.8% Fibonacci retracement level at 89.640 weekly resistance is a strong confluence
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