Day: January 18, 2015

Double Top Terminates NZD/JPY Uptrend

NZD/JPY is showing a great bearish breakout opportunity that has crystallized now when the double top formation on the daily chart can be seen clearly. It appears to be terminating a strong rising trend that was active since mid-October. A breakout signal is needed for confirmation of this assumption as there is a chance for the currency pair to continue going up following current consolidation. The chart shows the double top […]