NZDJPY – Bearish condition

Written by Raul Lopez on . Posted in Trades & Analysis

The NZDJPY is trading in a clear bearish market condition, earlier this morning it broke through the ST support level indicating it is likely to continue its way down until ir reaches the next LT support level at 62.72:

As long as the NZDJPY continues to trade below 65.61 I’ll be looking for short opportunities.

Trade Safe!

Raul Lopez
Forex Training

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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Raul Lopez Forex

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