So many reasons to be short NZDJPY

15 Haz 2020

NZD/JPY and AUD/JPY have a strong correlation with the S+P which has clearly entered a bearish picture. Possibly on the fears of a second wave of COVID-19 looming. For a technical perspective @transparent-fx has a nice summary. But with S+P tanking and price action showing NZD/JPY struggling to break above the high volume point of control - the picture is is strongly bearish. I am building shorts as per arrows , although there is a small possibility for extension to the 7000 level,that scenario is increasingly looking unlikely.

15 Haz 2020

Not

Another short added 69.50

16 Haz 2020

İşlem elle kapatılmış

Another heavy short added 69.90 but trade now closed. S+P pushing higher and closed above previous resistance in over night trading.It is likely to carry on higher and take NZD/JPYwith it

16 Haz 2020

Not

Closed at 69.10