NZD/JPY Trading Analysis (08/08/2025)
The trend is descending. The currency pair is trading in the range between 365 and 135 EMAs. The ascending wave structures are truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell when the formation of the downward wave structure, when the wave A breaches the sloping channel of the ascending truncated structure.
- Stop-loss at 87.850.
- Price targets are 87.400 and 86.800.
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