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NZDJPY: Descending Wedge Re-directing The Price range.

 

 

 

 

NZDJPY pairs further upside restricted by the horizontal resistance 73.70. The duo is likely to witness a pullback action towards 73.00 with a solid Impulse formation. Besides, the support wedge may put an End card to the Downward Motion @ 72.85. In case, the sellers Taking over the charge means, the price range might fall and break the Confine zone and fetch the mark 72.20 with an Intermediate halt @ 72.40.

Negatively, a reversal and a successful pass through above the 73.80 can’t be the strong reversal for the trend. Meanwhile, a descending wedge resistance breakthrough @ 74.40 may hold the price range in the Upward.
A successful resistance could fetch the mark 74.85 and the 75.20.

Traders Have a look on the Numbers and decide your Trades.
Happy trading.

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17 Sep 2018 1:39 pm Posted by tamilforex

 
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