Looks like the NZDJPY will be trading in a medium term range, it was rejected from an important LT resistance level:
NZDJPY
The NZDJPY is already trading in a bearish market condition, plus it is trading below every important level in the short term charts, and you know what this combination yields:
NZDJPY - Bearish in the LT charts + very strong downtrend in the ST charts = look for shorts
Trade Safe!
Raul Lopez
http://www.straightforex.com/
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