NZD/JPY topped in short term after hitting 61.8% projection

<p>NZD/JPY lost upside momentum and retreated after hitting 74.03. That also came after hitting 61.8% projection of 63.45 to 71.66 from 68.86 at 73.93, as well as 73.53 medium term resistance. Considering bearish divergence condition in 4 hour MACD, a short term top was likely in place. Break of 72.79 support will confirm and bring [&#8230;]</p>
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