Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (78.80).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 33.

Take Profits:
TP1= @ 78.35
TP2= @ 78.10
TP3= @ 77.90
TP4= @ 77.70
TP5= @ 77.35

SL: Break Above R3

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Chart PatternsTechnical IndicatorsjpyNZDNZDJPYnzdjpyshortTrend Analysis

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