NzdJpy – Look to sell on bearish price action if key support turn resistance.
Trend: Bearish Weekly
Key Levels: Resistance / Support = 72.4 - 72.3
Price Action: Price needs to break below level noted on Weekly time frame for me to start selling.
Notes: I'm waiting for price to trade below this pivotal level, I will be selling into strength whilst price is contained below this important price zone. I will wait for Mondays low to develop so I can pivot a short at this area.
Key level needs to break first.