FX:NZDJPY New Zealand Dollar/Japanese Yen
Another fantastic opportunity to short this pair as price continues to consolidate and form another . This is the 4th during the past 4 weeks. The 2 most previous patterns completed around the same area as the current one forming. This gives us great confidence that the 74.47 zone is significant and will most likely cause price to reverse. Targets are set at 0.382 and 0.618 with oversold conditions.