Monday, July 28, 2014

NZDJPY Accelerate Losses After Breaking LT Trendline

The week closed by breaking below the bullish trendline from the 2012 lows to suggest a deeper bearish move may be underway. Whilst not pictured above, we did previously highlight that the 50 period DPO had formed a bearish divergence and suggested a retracement back towards the 50-week moving average



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