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At the close of Thursday New York session the NZDJPY formed a Bearish Pin Bar. This Pin bar was formed from long term resistance, but against the very short term momentum.
Price failed to break the Round Number of 63.00 and we will need to see this level taken out for any chance of a move lower next week.
If price can’t move lower there is major resistance over head at around the 65.50 level.
NZDJPY DAILY CHART
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