Technical Analysis 22 October – Bearish outlook on NZDJPY

Home > Trading Views > Technical Analysis 22 October – Bearish outlook on NZDJPY

Prices are facing bearish pressure from the resistance zone , in line with the 50% Fibonacci retracement where we could see a further downside below this level. Ichimoku cloud and 34 EMA are showing signs of bearish pressure as well, in line with our bearish bias. A break below the 81.50 support area is needed to see further downside.

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