FX:NZDJPY   New Zealand Dollar/Japanese Yen
8 months ago
Despite two false breaks (one to the upside and the latest to the downside) $NZDJPY remains within a descending trading channel that you see in the chart.
The nearest resistance zone that includes two MA lines may prevent $NZDJPY from reaching the top of the channel, but based on latest price action, good odds that we will see this pair reaching 74 and perhaps even 75.5 to complete a bearish harmonic pattern .
All that NZDJPY             needs is a little bullish momentum from USDJPY             that is bouncing on the psychological zone of 100 JPY per USD.

Tomer, The MarketZone
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8 months ago
Comment: Target reached
8 months ago
Comment: Both target zones were reached and also Target 1 of the bearish Gartley was attained.

Now 94 can be a potential bullish continuation zone - New (and old) target - 77
http://goo.gl/5u89f8
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