Chart of the Day – NZDJPY – (October 22nd 2019)

The trend highs above the 69.80 level rejected the pair and may have created a false upside breakout. This also coincided with the 50% retracement of the July highs to August lows. As long as the 70.00 level holds, the risk may be for a move back towards the 68.00 level.

Blake Morrow