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NZD/JPY BEARS WILL DOMINATE THE MARKET|SHORT

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Dollar New Zealand / Yen Jepang (OANDA:NZDJPY)  
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OANDA:NZDJPY   Dollar New Zealand / Yen Jepang
Chart Patterns Trend Analysis Wave Analysis NZDJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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chartpattern trendanalysis waveanalysis nzdjpy short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

NZD/JPY is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 91.102.

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