NZDJPY to continue in the downward move?

NZDJPY - 24h expiry

The primary trend remains bearish.
The sequence for trading is lower lows and highs.
We have a 50% Fibonacci pullback level of 90.85 from 91.25 to 90.20.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 90.80.

We look to Sell at 90.80 (stop at 91.10)
Our profit targets will be 90.05 and 89.90

Resistance: 90.80 / 91.10 / 91.40
Support: 90.20 / 89.90 / 89.60

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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

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