NZDJPY reversal triangle

NZDJPY testing the triangle resistance

 

NZDJPY is testing a 79 triangle resistance. A break above this level is required for the upside extension. The upside extension is in the question as the pair faces a substantial consolidation and a horizontal opposition. Rejection will lead to a new swing down and a test of 76 downside resistance.

Note: look for the short trade entries with the stop loss above 79.50

 

 

NZDJPY reversal triangle

 

 

 

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