Dollar Sentiment Down on Recovery Concerns

NZD/JPY:

The pair is in the middle of a strong bearish move ever since it dropped below 64.80, and is now traded at 64.25. The pair continues its nonstop downward journey overlooking every possible support level and shows no sign of a stop. All oscillators on the daily chart are still bearish and the trend appears to have more room to run. Forex traders should note that being short on the pair appears to be a wise move for the day.