Nick Nasad
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NZD/JPY - Rally Followed by H&S-Shaped Correction, Testing Key Pivot at 81

The NZD/JPY pair has been in a week long downtrend, after putting in its post-FOMC highs near 83.50.


OK, let's see where risk sentiment goes as the start of the week proceeds and see if a rally in risk sentiment present a better shorting opportunity in the JPY crosses. Important to see the news flow and what the latest is regarding the US gov't shutdown and Italy's recent political theatrics.

See the price action in NZDJPY since this analysis was written by clicking on the chart below:



- Nick