FX:NZDJPY   New Zealand Dollar / Japanese Yen

NZDJPY is currently consolidating within a horizontal range.

Pair is coming closer and closer to a major falling trendline .
I believe that we will see a selling reaction from it.

For confirmation, we will be waiting for a bearish breakout of the range.
Target levels: 68.0/67.0

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Hi @VasilyPonomarev, many thanks for your great analysis. Any updates on this pair?
Fall to create double bottom on daily! Then maybe be bullish run
It will fall
Great chart! Only issue is the downside is more choppy so the break could be false. Will need to look for extra confirmation just in case? Break to the upside is more certain once the trend line and level 70 break.
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