Chart of the Day NZDJPY

NZDJPY is reaching the downside support

Today we have NZDJPY price action on a watch.

NZDJPY is going for the downside support 66-66.500 zone. This level should provide a strong upside resistance and it must hold for the downside continuation. A daily close above the 67 level is required for a retest of the 68.300.

 

ARMAT trading system is neutral

Note – descending triangle breakout retest. Look for the short trade entries with the stop loss above 66.500

 

 

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