• Vasily Trader

NZDJPY: Preparing for Market Reversal

NZDJPY reached a major weekly structure resistance .

On a daily the price set a lower high after a strong rejection from the underlined area.

Now the last resort for buyers is the area based on a major rising trend line and 77.0 horizontal support level on a daily.

A strong swing move will most likely initiate after its breakout.

Wait patiently and only then sell aggressively or on a retest.