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According to the chart of M30, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 89.16 while the median line of the Neck is found at 88.46/88.55. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDJPY will go towards 88.25. FX.co ★ NZDJPY M30: Head and Shoulders
Signal strength 3 of 5
NZDJPY M30: Head and Shoulders
According to the chart of M30, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 89.16 while the median line of the Neck is found at 88.46/88.55. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDJPY will go towards 88.25. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade