NZDJPY Chart 1

NZDJPY - Weakness Could Be An
Excellent Short Trade

NZDJPY's - Weakness could be an excellent short trade by DanV on TradingView.com

14 July 2014

Updates and comments

From my earlier published chart of CADCHF was suggesting commodity currencies are exhibiting weakness. NZDJPY could be another example and an excellent configuration for hunting a short trade which as potential to drop back to 70 zone in due course if not lower. 

Also that this is a weekly chart so it getting a good entry and suitable position size would be very important to allow for natural volatility.

Remember always that this is my interpretation of price action. So do your own analysis for any trades you plan.

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