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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.

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