NZDJPY Buy on rejection (shot-midterm)

19 ก.ค. 2021

NZDJPY now rejecting the lower trendline (support) and seems like heading back to the channel. I am expecting some pullback to 76.56 area and then to the resistance line upper. The indicators talking loud that the pair is extremely oversold, especially on hourly chart, RSI, MACD, and Stoch are in the divergence with buy command. If you will check Renko chart we can see clear reverse there, which is also confirming the BUY signal. Let's catch up tomorrow and check what will happen. ;)