NZDJPY Technical Analysis

Hello Price Action Traders.

NZD/JPY

The NZD/JPY made a 7 year high on April at 89.89 and after three months the pair made a second high at 89.65. Volumes are increasing as the price falls so it seems that NZD/JPY is forming a Double Top reversal. However, we have to have the breakdown of the support (low between tops) for a Double Top pattern.

 

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