FX.co - NZDJPY holding below long term descending trendline!

2020-06-05T06:19:08

Long-term review

Trading Recommendation

Entry: 71.346

Reason for Entry: Descending trendline resistance

Take Profit : 66.240

Reason for Take Profit: 61.8% Fibonacci retracement, Graphical overlap

Stop Loss: 72.426

Reason for Stop loss: -27.2% Fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ NZDJPY holding below long term descending trendline!