The NZDJPY has bottomed in june of 2016, after this event it began to recover up to reach the static resistance placed around 83.5 but it failed to breach this resistance . The bullish trend is ended now and a new fall have brought the pair below the moving average of medium period ( 50)
In the next weeks the pair could accelerate its fall , breaching the supports provided by the fibonacci retracements , at least down to the 61.80 % line , my target for this prediction
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