Jan 11, 2017 Forex Trading signal: Time to sell NZD/JPY

On December 15th, 2016 we discussed a combination of bearish patterns on the NZDJPY.

The confluence of resistance at 83.30 and 4-hour rising wedge spelled trouble for buyers.

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The very next day, on December 16th, the pair closed below wedge support on the 4-hour time frame.

Sellers went on to take the pair 230 pips lower over the next six sessions.

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NZDJPY Looks Ready to Target 79.40

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