NZDJPY Bouncing Off Channel's support. What's Next?

21 Kas 2017

NZDJPY has been trending lower recently while apparently trapped inside that there descending channel. Also price making lower high and lower low inside the channel. So we can expect new lower high in channel resistance and this is important. Important because we have got horizontal level at 78.20 and fibonacci 61.8% level also near 78.20

Waiting for price action sell signal on that zone. A break above 79.50 will make invalid this setup.

Happy Trading...!