Nzd/Jpy is in for a deeper retracement down after hitting 90 - a target that was pointed out by traders months ago
Fundamentally Jpy is growing stronger and all the yen crosses will suffer
Nzd will be in for a deep retracement after hitting the weekly target area of 90
The first move down for this pair should challenge the downside of the daily channel that is seen in the daily chart:
In the weekly chart, if we draw the fibonacci retracement we can see that the 50% retracement level
of the last…
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