NZDJPY has been very bearish since last week. There's a possibility that it continues and follow it's bearish trend, which there is a good chance of, otherwise this could just be a fakeout and return back to its uptrend.
My target would be 75.000 if it does break down lower. Good luck and we'll see how this pair move for the rest of the week.
Attached below is also an image of the daily chart on the JPYBASKET, which shows that it is in a falling wedge pattern, which has a potential to breakout. If it does, then that will support my idea of NZDJPY pushing down much further.
My target would be 75.000 if it does break down lower. Good luck and we'll see how this pair move for the rest of the week.
Attached below is also an image of the daily chart on the JPYBASKET, which shows that it is in a falling wedge pattern, which has a potential to breakout. If it does, then that will support my idea of NZDJPY pushing down much further.